UNION THEOLOGICAL SEMINARY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$223,719,296
Investments
58%
Property, Plant, & Equipment (net)
35%
Cash & Equivalents
6%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$31,427,626
Notes Payable / Debt (Non-Related)
80%
Other Liabilities
11%
Payables & Accruals
8%
Custodial & Escrow Liabilities
<1%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,806,067
$12,374,553
+15%
Receivables (Non-Related)
$7,057,177
$1,851,375
-74%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$696,221
$280,474
-60%
Investments
$116,937,714
$129,618,711
+11%
Property, Plant, & Equipment (net)
$80,403,242
$79,392,182
-1%
Other Assets
$1,903,153
$202,001
-89%
Total Assets
$217,803,574
$223,719,296
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$2,634,366
$2,669,024
+1%
Grants Payable
-
-
-
Deferred Revenue
$103,304
$103,304
+0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$377,782
$267,341
-29%
Notes Payable / Debt (Non-Related)
$25,000,000
$25,000,000
+0%
Related-Party Payables
-
-
-
Other Liabilities
$6,615,632
$3,387,957
-49%
Total Liabilities
$34,731,084
$31,427,626
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$78,903,471
$92,354,772
+17%
Unrestricted Net Assets
$104,169,019
$99,936,898
-4%
Net assets
2023
2024
Change
Net assets
+$183,072,490
+$192,291,670
+5%
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