CAIRN UNIVERSITY
CAIRN UNIVERSITY
CAIRN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$51,365,571
Property, Plant, & Equipment (net)
53%
Other Assets
31%
Cash & Equivalents
10%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$14,424,420
Notes Payable / Debt (Non-Related)
82%
Deferred Revenue
8%
Other Liabilities
5%
Payables & Accruals
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,772,015
$5,128,455
+36%
Receivables (Non-Related)
$2,015,090
$2,725,747
+35%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$403,605
$241,305
-40%
Investments
-
-
-
Property, Plant, & Equipment (net)
$29,183,479
$27,323,187
-6%
Other Assets
$17,456,740
$15,946,877
-9%
Total Assets
$52,830,929
$51,365,571
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$643,693
$710,452
+10%
Grants Payable
-
-
-
Deferred Revenue
$1,062,165
$1,156,374
+9%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$12,002,431
$11,769,907
-2%
Related-Party Payables
-
-
-
Other Liabilities
$929,638
$787,687
-15%
Total Liabilities
$14,637,927
$14,424,420
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$15,324,013
$15,982,269
+4%
Unrestricted Net Assets
$22,868,989
$20,958,882
-8%
Net assets
2023
2024
Change
Net assets
+$38,193,002
+$36,941,151
-3%
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