NEW YORK INSTITUTE OF TECHNOLOGY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$586,710,960
Property, Plant, & Equipment (net)
25%
Investments
25%
Cash & Equivalents
25%
Other Assets
22%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$327,591,757
Other Liabilities
48%
Tax-Exempt Bond Liabilities
33%
Payables & Accruals
12%
Deferred Revenue
7%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$60,087,105
$144,728,160
+141%
Receivables (Non-Related)
$13,864,819
$12,672,367
-9%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,951,514
$2,645,668
-33%
Investments
$129,061,176
$147,836,580
+15%
Property, Plant, & Equipment (net)
$129,347,743
$149,223,729
+15%
Other Assets
$104,490,987
$129,604,456
+24%
Total Assets
$440,803,344
$586,710,960
+33%
Liabilities
2023
2024
Change
Payables & Accruals
$26,063,187
$37,944,628
+46%
Grants Payable
-
-
-
Deferred Revenue
$29,785,695
$24,255,864
-19%
Tax-Exempt Bond Liabilities
-
$108,673,360
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$18,078,425
-
-
Related-Party Payables
-
-
-
Other Liabilities
$132,078,926
$156,717,905
+19%
Total Liabilities
$206,006,233
$327,591,757
+59%
Net assets
2023
2024
Change
Restricted Net Assets
$14,939,618
$15,697,897
+5%
Unrestricted Net Assets
$219,857,493
$243,421,306
+11%
Net assets
2023
2024
Change
Net assets
+$234,797,111
+$259,119,203
+10%
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