REACH UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,188,280
Cash & Equivalents
81%
Receivables (Non-Related)
12%
Prepaid Expenses
6%
Property, Plant, & Equipment (net)
1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,396,875
Payables & Accruals
48%
Other Liabilities
45%
Deferred Revenue
7%
Grants Payable
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
$4,526,719
$5,797,570
+28%
Receivables (Non-Related)
$424,250
$831,542
+96%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$183,371
$464,462
+153%
Investments
-
-
-
Property, Plant, & Equipment (net)
$35,828
$75,341
+110%
Other Assets
$31,015
$19,365
-38%
Total Assets
$5,201,183
$7,188,280
+38%
Liabilities
2023
2024
Change
Payables & Accruals
$295,851
$673,985
+128%
Grants Payable
$0
-
-
Deferred Revenue
$106,547
$90,827
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$713,398
$632,063
-11%
Total Liabilities
$1,115,796
$1,396,875
+25%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$4,085,387
$5,791,405
+42%
Net assets
2023
2024
Change
Net assets
+$4,085,387
+$5,791,405
+42%
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