SHIPPENSBURG UNIVERSITY FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$105,135,775
Investments
79%
Property, Plant, & Equipment (net)
11%
Other Assets
5%
Receivables (Non-Related)
4%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$16,792,205
Notes Payable / Debt (Non-Related)
82%
Deferred Revenue
9%
Payables & Accruals
5%
Custodial & Escrow Liabilities
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,312,383
$1,552,015
+18%
Receivables (Non-Related)
$4,577,196
$4,169,747
-9%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$105,192
$143,564
+36%
Investments
$67,519,861
$82,661,449
+22%
Property, Plant, & Equipment (net)
$15,211,259
$11,184,108
-26%
Other Assets
$5,162,232
$5,424,892
+5%
Total Assets
$93,888,123
$105,135,775
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$708,660
$871,047
+23%
Grants Payable
$0
$0
-
Deferred Revenue
$1,512,901
$1,468,476
-3%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$324,026
$615,931
+90%
Notes Payable / Debt (Non-Related)
$15,281,615
$13,836,751
-9%
Related-Party Payables
$0
$0
-
Other Liabilities
$269,200
$0
-100%
Total Liabilities
$18,096,402
$16,792,205
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$72,737,280
$86,258,032
+19%
Unrestricted Net Assets
$3,054,441
$2,085,538
-32%
Net assets
2023
2024
Change
Net assets
+$75,791,721
+$88,343,570
+17%
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