FRANCIS MARION UNIVERSITY EDUCATION FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$57,914,234
Investments
64%
Cash & Equivalents
21%
Property, Plant, & Equipment (net)
6%
Other Assets
5%
Receivables (Non-Related)
3%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$495,777
Notes Payable / Debt (Non-Related)
69%
Other Liabilities
24%
Payables & Accruals
7%
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
$15,847,556
$12,382,532
-22%
Receivables (Non-Related)
$32,424
$2,013,824
+6111%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$27,414,884
$37,199,187
+36%
Property, Plant, & Equipment (net)
$3,515,501
$3,400,365
-3%
Other Assets
$5,659,011
$2,918,326
-48%
Total Assets
$52,469,376
$57,914,234
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$71,760
$34,177
-52%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$309,937
$340,434
+10%
Related-Party Payables
-
-
-
Other Liabilities
$612,009
$121,166
-80%
Total Liabilities
$993,706
$495,777
-50%
Net assets
2023
2024
Change
Restricted Net Assets
$46,498,415
$52,599,439
+13%
Unrestricted Net Assets
$4,977,255
$4,819,018
-3%
Net assets
2023
2024
Change
Net assets
+$51,475,670
+$57,418,457
+12%
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