AVE MARIA UNIVERSITY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$253,911,420
Property, Plant, & Equipment (net)
75%
Cash & Equivalents
14%
Investments
8%
Receivables (Non-Related)
1%
Other Assets
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$60,921,257
Tax-Exempt Bond Liabilities
91%
Payables & Accruals
6%
Other Liabilities
3%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$24,580,938
$36,377,229
+48%
Receivables (Non-Related)
$2,989,647
$3,799,492
+27%
Related-Party Receivables
-
-
-
Inventories
$136,353
$138,542
+2%
Prepaid Expenses
$408,661
$106,407
-74%
Investments
$25,396,705
$19,718,075
-22%
Property, Plant, & Equipment (net)
$189,988,593
$191,272,307
+1%
Other Assets
$3,260,476
$2,499,368
-23%
Total Assets
$246,761,373
$253,911,420
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$3,141,305
$3,930,946
+25%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
$55,957,300
$55,310,935
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$120,235
$79,755
-34%
Related-Party Payables
-
-
-
Other Liabilities
$1,430,274
$1,599,621
+12%
Total Liabilities
$60,649,114
$60,921,257
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$33,609,193
$30,373,971
-10%
Unrestricted Net Assets
$152,503,066
$162,616,192
+7%
Net assets
2023
2024
Change
Net assets
+$186,112,259
+$192,990,163
+4%
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