DRAKE UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$628,340,806
Investments
52%
Property, Plant, & Equipment (net)
36%
Receivables (Non-Related)
7%
Cash & Equivalents
3%
Prepaid Expenses
2%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$78,936,122
Tax-Exempt Bond Liabilities
56%
Other Liabilities
14%
Deferred Revenue
13%
Payables & Accruals
11%
Grants Payable
5%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$23,565,783
$16,897,082
-28%
Receivables (Non-Related)
$47,720,923
$45,534,811
-5%
Related-Party Receivables
-
-
-
Inventories
$139,865
$321,274
+130%
Prepaid Expenses
$10,046,056
$10,572,870
+5%
Investments
$292,098,995
$325,616,934
+11%
Property, Plant, & Equipment (net)
$233,375,262
$229,056,242
-2%
Other Assets
$541,203
$341,593
-37%
Total Assets
$607,488,087
$628,340,806
+3%
Liabilities
2024
2025
Change
Payables & Accruals
$12,030,232
$8,597,912
-29%
Grants Payable
$4,242,237
$4,331,122
+2%
Deferred Revenue
$10,490,187
$10,398,480
-1%
Tax-Exempt Bond Liabilities
$39,811,750
$44,231,683
+11%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,474,031
-
-
Related-Party Payables
-
-
-
Other Liabilities
$11,987,668
$11,376,925
-5%
Total Liabilities
$86,036,105
$78,936,122
-8%
Net assets
2024
2025
Change
Restricted Net Assets
$291,520,159
$308,460,283
+6%
Unrestricted Net Assets
$229,931,823
$240,944,401
+5%
Net assets
2024
2025
Change
Net assets
+$521,451,982
+$549,404,684
+5%
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