Research Foundation of the City University of New York
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$652,289,162
Cash & Equivalents
44%
Receivables (Non-Related)
23%
Other Assets
17%
Investments
9%
Property, Plant, & Equipment (net)
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$482,012,082
Custodial & Escrow Liabilities
30%
Deferred Revenue
30%
Payables & Accruals
25%
Notes Payable / Debt (Non-Related)
14%
Grants Payable
1%
Other Liabilities
<1%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$277,026,023
$288,102,393
+4%
Receivables (Non-Related)
$129,348,766
$149,718,159
+16%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$4,543,839
$6,506,232
+43%
Investments
$43,959,974
$58,243,625
+32%
Property, Plant, & Equipment (net)
$39,669,770
$39,222,328
-1%
Other Assets
$86,044,755
$110,496,425
+28%
Total Assets
$580,593,127
$652,289,162
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$96,552,501
$118,875,135
+23%
Grants Payable
$5,236,539
$4,983,855
-5%
Deferred Revenue
$145,398,755
$142,425,802
-2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$138,674,087
$144,396,061
+4%
Notes Payable / Debt (Non-Related)
$57,251,610
$68,172,008
+19%
Related-Party Payables
$0
$0
-
Other Liabilities
$613,419
$3,159,221
+415%
Total Liabilities
$443,726,911
$482,012,082
+9%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$136,866,216
$170,277,080
+24%
Net assets
2023
2024
Change
Net assets
+$136,866,216
+$170,277,080
+24%
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