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NORFOLK STATE UNIVERSITY FOUNDATION INC AND SUBSIDIARY

NORFOLK STATE UNIVERSITY FOUNDATION INC AND SUBSIDIARY

Norfolk, VA, US
501(c)3
EIN
23-7235954
Regional Funder
funder logo

NORFOLK STATE UNIVERSITY FOUNDATION INC AND SUBSIDIARY

Norfolk, VA, US
501(c)3
EIN
23-7235954
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$121,069,562

Investments
85%
Receivables (Non-Related)
8%
Cash & Equivalents
5%
Property, Plant, & Equipment (net)
2%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)

$148,836

Other Liabilities
96%
Payables & Accruals
4%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,823,590
$5,905,244
+54%
Receivables (Non-Related)
$6,611,341
$9,216,541
+39%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$96,802,964
$103,310,126
+7%
Property, Plant, & Equipment (net)
$2,360,209
$2,343,363
-1%
Other Assets
$209,605
$294,288
+40%
Total Assets
$109,807,709
$121,069,562
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$404,878
$6,450
-98%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$185,050
$142,386
-23%
Total Liabilities
$589,928
$148,836
-75%
Net assets
2023
2024
Change
Restricted Net Assets
$64,400,128
$71,845,466
+12%
Unrestricted Net Assets
$44,817,653
$49,075,260
+9%
Net assets
2023
2024
Change
Net assets
+$109,217,781
+$120,920,726
+11%
Balance Sheet
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