University of Maine Foundation
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$458,332,421
Investments
89%
Cash & Equivalents
6%
Other Assets
3%
Receivables (Non-Related)
1%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$11,239,280
Custodial & Escrow Liabilities
38%
Payables & Accruals
27%
Other Liabilities
18%
Deferred Revenue
17%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$37,828,268
$28,311,513
-25%
Receivables (Non-Related)
$6,066,848
$6,216,365
+2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$27,487
$47,356
+72%
Investments
$332,374,545
$405,962,720
+22%
Property, Plant, & Equipment (net)
$5,591,295
$6,050,169
+8%
Other Assets
$8,692,692
$11,744,298
+35%
Total Assets
$390,581,135
$458,332,421
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$4,119,922
$2,992,530
-27%
Grants Payable
-
-
-
Deferred Revenue
$1,946,790
$1,959,314
+1%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$3,870,908
$4,233,271
+9%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,138,025
$2,054,165
-4%
Total Liabilities
$12,075,645
$11,239,280
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$360,395,829
$427,771,354
+19%
Unrestricted Net Assets
$18,109,661
$19,321,787
+7%
Net assets
2023
2024
Change
Net assets
+$378,505,490
+$447,093,141
+18%
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