Northern State University Foundation
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$70,844,993
Investments
74%
Receivables (Non-Related)
15%
Cash & Equivalents
9%
Property, Plant, & Equipment (net)
1%
Other Assets
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$9,865,674
Tax-Exempt Bond Liabilities
50%
Notes Payable / Debt (Non-Related)
44%
Payables & Accruals
4%
Deferred Revenue
1%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,812,542
$6,505,609
-5%
Receivables (Non-Related)
$9,340,345
$10,381,544
+11%
Related-Party Receivables
-
-
-
Inventories
$56,739
$97,793
+72%
Prepaid Expenses
$19,170
$21,422
+12%
Investments
$44,487,595
$52,298,778
+18%
Property, Plant, & Equipment (net)
$809,611
$834,512
+3%
Other Assets
$1,995,923
$705,335
-65%
Total Assets
$63,521,925
$70,844,993
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$534,958
$440,230
-18%
Grants Payable
-
-
-
Deferred Revenue
$227,210
$103,814
-54%
Tax-Exempt Bond Liabilities
$6,045,786
$4,953,694
-18%
Custodial & Escrow Liabilities
$1,850
$1,850
+0%
Notes Payable / Debt (Non-Related)
$5,596,872
$4,366,086
-22%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$12,406,676
$9,865,674
-20%
Net assets
2023
2024
Change
Restricted Net Assets
$49,626,216
$59,042,722
+19%
Unrestricted Net Assets
$1,489,033
$1,936,597
+30%
Net assets
2023
2024
Change
Net assets
+$51,115,249
+$60,979,319
+19%
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