Illinois Institute of Technology
Illinois Institute of Technology
Illinois Institute of Technology
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$724,517,274
Property, Plant, & Equipment (net)
43%
Investments
41%
Other Assets
7%
Receivables (Non-Related)
6%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$293,568,354
Tax-Exempt Bond Liabilities
49%
Notes Payable / Debt (Non-Related)
15%
Payables & Accruals
14%
Other Liabilities
10%
Related-Party Payables
7%
Deferred Revenue
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,134,250
$14,219,993
+132%
Receivables (Non-Related)
$31,172,046
$44,916,187
+44%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$5,871,227
$5,512,764
-6%
Investments
$288,487,169
$296,601,996
+3%
Property, Plant, & Equipment (net)
$325,479,139
$312,648,236
-4%
Other Assets
$49,324,645
$50,618,098
+3%
Total Assets
$706,468,476
$724,517,274
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$37,923,947
$40,087,695
+6%
Grants Payable
-
-
-
Deferred Revenue
$18,899,479
$15,521,224
-18%
Tax-Exempt Bond Liabilities
$147,756,000
$142,680,000
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$44,725,000
$44,725,000
+0%
Related-Party Payables
$20,000,000
$20,000,000
+0%
Other Liabilities
$34,244,857
$30,554,435
-11%
Total Liabilities
$303,549,283
$293,568,354
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$262,209,148
$284,978,700
+9%
Unrestricted Net Assets
$140,710,045
$145,970,220
+4%
Net assets
2023
2024
Change
Net assets
+$402,919,193
+$430,948,920
+7%
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