QUINCY UNIVERSITY CORPORATION
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2025 (Year End)
$49,314,004
Property, Plant, & Equipment (net)
72%
Investments
20%
Receivables (Non-Related)
4%
Prepaid Expenses
2%
Cash & Equivalents
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$34,451,733
Notes Payable / Debt (Non-Related)
81%
Payables & Accruals
10%
Deferred Revenue
7%
Other Liabilities
1%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$3,530
$406,882
+11426%
Receivables (Non-Related)
$6,919,080
$2,215,301
-68%
Related-Party Receivables
-
-
-
Inventories
$66,414
$64,966
-2%
Prepaid Expenses
$945,964
$1,081,976
+14%
Investments
$14,741,623
$10,087,096
-32%
Property, Plant, & Equipment (net)
$34,095,442
$35,342,597
+4%
Other Assets
$155,077
$115,186
-26%
Total Assets
$56,927,130
$49,314,004
-13%
Liabilities
2024
2025
Change
Payables & Accruals
$4,241,235
$3,460,156
-18%
Grants Payable
-
-
-
Deferred Revenue
$2,583,599
$2,245,825
-13%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$215,339
$204,597
-5%
Notes Payable / Debt (Non-Related)
$34,641,468
$28,054,710
-19%
Related-Party Payables
-
-
-
Other Liabilities
$424,302
$486,445
+15%
Total Liabilities
$42,105,943
$34,451,733
-18%
Net assets
2024
2025
Change
Restricted Net Assets
$23,362,716
$19,437,846
-17%
Unrestricted Net Assets
-$8,541,529
-$4,575,575
+46%
Net assets
2024
2025
Change
Net assets
+$14,821,187
+$14,862,271
+0%
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