DAVENPORT UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$140,638,059
Property, Plant, & Equipment (net)
64%
Other Assets
18%
Investments
6%
Receivables (Non-Related)
5%
Cash & Equivalents
4%
Prepaid Expenses
2%
Inventories
<1%
Related-Party Receivables
<1%
Liabilities in 2025 (Year End)
$68,685,432
Tax-Exempt Bond Liabilities
43%
Other Liabilities
38%
Deferred Revenue
9%
Payables & Accruals
6%
Notes Payable / Debt (Non-Related)
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$6,745,790
$5,986,101
-11%
Receivables (Non-Related)
$6,801,714
$7,704,302
+13%
Related-Party Receivables
-
$22,000
-
Inventories
$108,185
$134,996
+25%
Prepaid Expenses
$3,386,176
$3,097,802
-9%
Investments
$7,929,334
$8,621,066
+9%
Property, Plant, & Equipment (net)
$95,758,563
$90,407,392
-6%
Other Assets
$23,412,130
$24,664,400
+5%
Total Assets
$144,141,892
$140,638,059
-2%
Liabilities
2024
2025
Change
Payables & Accruals
$4,499,942
$4,180,288
-7%
Grants Payable
-
-
-
Deferred Revenue
$6,005,401
$6,442,012
+7%
Tax-Exempt Bond Liabilities
$31,667,738
$29,213,065
-8%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,475,649
$2,566,442
+74%
Related-Party Payables
-
-
-
Other Liabilities
$25,256,279
$26,283,625
+4%
Total Liabilities
$68,905,009
$68,685,432
0%
Net assets
2024
2025
Change
Restricted Net Assets
$983,382
$1,613,382
+64%
Unrestricted Net Assets
$74,253,501
$70,339,245
-5%
Net assets
2024
2025
Change
Net assets
+$75,236,883
+$71,952,627
-4%
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