KETTERING UNIVERSITY
KETTERING UNIVERSITY
KETTERING UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$279,070,815
Property, Plant, & Equipment (net)
50%
Investments
43%
Cash & Equivalents
3%
Other Assets
2%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$47,913,121
Tax-Exempt Bond Liabilities
79%
Other Liabilities
9%
Payables & Accruals
8%
Deferred Revenue
4%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$14,064,360
$8,950,284
-36%
Receivables (Non-Related)
$3,308,192
$3,916,078
+18%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$1,812,480
$2,257,151
+25%
Investments
$111,295,273
$119,604,686
+7%
Property, Plant, & Equipment (net)
$140,535,492
$139,494,044
-1%
Other Assets
$4,333,735
$4,848,572
+12%
Total Assets
$275,349,532
$279,070,815
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$1,934,632
$3,664,175
+89%
Grants Payable
$0
$0
-
Deferred Revenue
$2,352,830
$1,717,202
-27%
Tax-Exempt Bond Liabilities
$38,750,142
$38,077,544
-2%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$177,778
$133,330
-25%
Related-Party Payables
$0
$0
-
Other Liabilities
$3,664,770
$4,320,870
+18%
Total Liabilities
$46,880,152
$47,913,121
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$107,821,082
$115,367,322
+7%
Unrestricted Net Assets
$120,648,298
$115,790,372
-4%
Net assets
2023
2024
Change
Net assets
+$228,469,380
+$231,157,694
+1%
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