FRANKLIN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$143,856,355
Investments
77%
Property, Plant, & Equipment (net)
14%
Receivables (Non-Related)
7%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$26,872,039
Notes Payable / Debt (Non-Related)
49%
Payables & Accruals
37%
Deferred Revenue
15%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,396,868
$1,227,730
-12%
Receivables (Non-Related)
$9,379,303
$10,159,906
+8%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$973,614
$1,095,517
+13%
Investments
$101,147,832
$110,697,266
+9%
Property, Plant, & Equipment (net)
$20,276,233
$20,355,164
+0%
Other Assets
$297,187
$320,772
+8%
Total Assets
$133,471,037
$143,856,355
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$9,189,290
$9,924,727
+8%
Grants Payable
$0
$0
-
Deferred Revenue
$2,041,851
$3,913,031
+92%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$13,890,450
$13,034,281
-6%
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$25,121,591
$26,872,039
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$9,764,878
$10,694,950
+10%
Unrestricted Net Assets
$98,584,568
$106,289,366
+8%
Net assets
2023
2024
Change
Net assets
+$108,349,446
+$116,984,316
+8%
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