THE FRANKLIN INSTITUTE
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$226,419,270
Property, Plant, & Equipment (net)
38%
Investments
37%
Cash & Equivalents
18%
Receivables (Non-Related)
7%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$25,540,580
Notes Payable / Debt (Non-Related)
66%
Payables & Accruals
19%
Tax-Exempt Bond Liabilities
12%
Deferred Revenue
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$21,808,470
$39,821,536
+83%
Receivables (Non-Related)
$14,247,805
$15,404,777
+8%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,000,996
$1,574,785
+57%
Investments
$77,429,484
$82,700,507
+7%
Property, Plant, & Equipment (net)
$75,155,599
$86,917,665
+16%
Other Assets
$7,353
$0
-100%
Total Assets
$189,649,707
$226,419,270
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$5,345,300
$4,733,962
-11%
Grants Payable
-
-
-
Deferred Revenue
$1,051,580
$1,118,128
+6%
Tax-Exempt Bond Liabilities
$4,465,248
$2,945,490
-34%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$16,743,000
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$10,862,128
$25,540,580
+135%
Net assets
2023
2024
Change
Restricted Net Assets
$88,118,782
$96,107,363
+9%
Unrestricted Net Assets
$90,668,797
$104,771,327
+16%
Net assets
2023
2024
Change
Net assets
+$178,787,579
+$200,878,690
+12%
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