PENNSYLVANIA INSTITUTE OF TECHNOLOGY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$13,394,369
Investments
68%
Property, Plant, & Equipment (net)
14%
Cash & Equivalents
12%
Prepaid Expenses
2%
Other Assets
2%
Receivables (Non-Related)
1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$509,675
Payables & Accruals
84%
Deferred Revenue
16%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,862,633
$1,577,379
-15%
Receivables (Non-Related)
$244,085
$187,995
-23%
Related-Party Receivables
-
-
-
Inventories
$72,564
$68,301
-6%
Prepaid Expenses
$314,882
$285,167
-9%
Investments
$6,292,523
$9,173,582
+46%
Property, Plant, & Equipment (net)
$1,832,790
$1,884,200
+3%
Other Assets
$105,709
$217,745
+106%
Total Assets
$10,725,186
$13,394,369
+25%
Liabilities
2023
2024
Change
Payables & Accruals
$406,508
$426,959
+5%
Grants Payable
-
-
-
Deferred Revenue
$51,322
$82,716
+61%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$457,830
$509,675
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$70,530
$155,184
+120%
Unrestricted Net Assets
$10,196,826
$12,729,510
+25%
Net assets
2023
2024
Change
Net assets
+$10,267,356
+$12,884,694
+25%
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