Cornerstone University
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2025 (Year End)
$106,631,231
Property, Plant, & Equipment (net)
67%
Investments
18%
Cash & Equivalents
12%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$8,928,933
Notes Payable / Debt (Non-Related)
47%
Payables & Accruals
28%
Deferred Revenue
22%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$15,107,787
$12,414,587
-18%
Receivables (Non-Related)
$2,697,768
$3,039,572
+13%
Related-Party Receivables
$0
$0
-
Inventories
$20,930
$16,302
-22%
Prepaid Expenses
$820,069
$1,002,999
+22%
Investments
$18,208,851
$18,691,883
+3%
Property, Plant, & Equipment (net)
$68,370,232
$71,465,888
+5%
Other Assets
$0
$0
-
Total Assets
$105,225,637
$106,631,231
+1%
Liabilities
2024
2025
Change
Payables & Accruals
$2,716,378
$2,463,708
-9%
Grants Payable
-
-
-
Deferred Revenue
$1,730,234
$1,989,792
+15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,752,628
$4,221,058
+53%
Related-Party Payables
$0
$0
-
Other Liabilities
$261,161
$254,375
-3%
Total Liabilities
$7,460,401
$8,928,933
+20%
Net assets
2024
2025
Change
Restricted Net Assets
-
$46,120,452
-
Unrestricted Net Assets
-
$51,581,846
-
Net assets
2024
2025
Change
Net assets
+$97,765,236
+$97,702,298
0%
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