EAST TENNESSEE STATE UNIVERSITY FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$182,228,113
Investments
80%
Cash & Equivalents
11%
Property, Plant, & Equipment (net)
6%
Other Assets
2%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$9,530,315
Other Liabilities
58%
Notes Payable / Debt (Non-Related)
32%
Payables & Accruals
10%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$17,645,039
$19,184,148
+9%
Receivables (Non-Related)
$2,398,374
$2,977,273
+24%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$88,500
$17,540
-80%
Investments
$126,518,387
$146,063,582
+15%
Property, Plant, & Equipment (net)
$9,652,690
$10,513,396
+9%
Other Assets
$3,358,264
$3,472,174
+3%
Total Assets
$159,661,254
$182,228,113
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$2,326,763
$957,732
-59%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,209,211
$3,065,372
-4%
Related-Party Payables
-
-
-
Other Liabilities
$5,633,260
$5,507,211
-2%
Total Liabilities
$11,169,234
$9,530,315
-15%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$148,492,020
+$172,697,798
+16%
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