ALFRED UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$451,889,055
Investments
44%
Property, Plant, & Equipment (net)
37%
Receivables (Non-Related)
15%
Cash & Equivalents
4%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$97,404,551
Deferred Revenue
40%
Tax-Exempt Bond Liabilities
31%
Other Liabilities
19%
Payables & Accruals
7%
Notes Payable / Debt (Non-Related)
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,368,667
$19,232,752
+471%
Receivables (Non-Related)
$20,750,832
$68,276,363
+229%
Related-Party Receivables
-
-
-
Inventories
$271,872
$170,881
-37%
Prepaid Expenses
$593,399
$437,820
-26%
Investments
$181,335,402
$198,633,321
+10%
Property, Plant, & Equipment (net)
$162,512,020
$165,137,918
+2%
Other Assets
-
-
-
Total Assets
$368,832,192
$451,889,055
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$6,797,984
$6,991,448
+3%
Grants Payable
-
-
-
Deferred Revenue
$2,660,848
$38,860,167
+1360%
Tax-Exempt Bond Liabilities
$11,234,958
$29,859,704
+166%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$3,000,000
-
Related-Party Payables
-
-
-
Other Liabilities
$19,125,716
$18,693,232
-2%
Total Liabilities
$39,819,506
$97,404,551
+145%
Net assets
2023
2024
Change
Restricted Net Assets
$182,074,514
$198,807,484
+9%
Unrestricted Net Assets
$146,938,172
$155,677,020
+6%
Net assets
2023
2024
Change
Net assets
+$329,012,686
+$354,484,504
+8%
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