CALVIN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$620,917,006
Investments
56%
Property, Plant, & Equipment (net)
38%
Cash & Equivalents
3%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$125,659,460
Tax-Exempt Bond Liabilities
58%
Other Liabilities
15%
Payables & Accruals
14%
Notes Payable / Debt (Non-Related)
9%
Deferred Revenue
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$38,891,679
$19,366,808
-50%
Receivables (Non-Related)
$15,855,916
$17,368,690
+10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,852,850
$1,883,522
+2%
Investments
$336,206,040
$347,069,591
+3%
Property, Plant, & Equipment (net)
$207,187,198
$233,653,980
+13%
Other Assets
$1,591,150
$1,574,415
-1%
Total Assets
$601,584,833
$620,917,006
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$12,427,682
$17,969,840
+45%
Grants Payable
-
-
-
Deferred Revenue
$6,135,906
$5,147,101
-16%
Tax-Exempt Bond Liabilities
$72,783,982
$72,465,090
0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$12,814,824
$11,457,738
-11%
Related-Party Payables
-
-
-
Other Liabilities
$19,947,510
$18,619,691
-7%
Total Liabilities
$124,109,904
$125,659,460
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$304,395,156
$322,495,677
+6%
Unrestricted Net Assets
$173,079,773
$172,761,869
0%
Net assets
2023
2024
Change
Net assets
+$477,474,929
+$495,257,546
+4%
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