GRACELAND UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$117,507,672
Property, Plant, & Equipment (net)
49%
Investments
42%
Receivables (Non-Related)
5%
Other Assets
2%
Prepaid Expenses
1%
Inventories
<1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$26,277,028
Tax-Exempt Bond Liabilities
57%
Notes Payable / Debt (Non-Related)
17%
Payables & Accruals
10%
Deferred Revenue
10%
Other Liabilities
3%
Custodial & Escrow Liabilities
2%
Grants Payable
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,493,725
$223,796
-94%
Receivables (Non-Related)
$6,270,551
$5,636,543
-10%
Related-Party Receivables
-
-
-
Inventories
$265,426
$277,985
+5%
Prepaid Expenses
$936,646
$1,229,034
+31%
Investments
$52,001,183
$49,874,631
-4%
Property, Plant, & Equipment (net)
$58,495,385
$57,350,626
-2%
Other Assets
$5,742,431
$2,915,057
-49%
Total Assets
$127,205,347
$117,507,672
-8%
Liabilities
2023
2024
Change
Payables & Accruals
$3,399,457
$2,730,034
-20%
Grants Payable
-
-
-
Deferred Revenue
$2,676,163
$2,598,267
-3%
Tax-Exempt Bond Liabilities
$15,694,237
$15,055,226
-4%
Custodial & Escrow Liabilities
$466,238
$521,478
+12%
Notes Payable / Debt (Non-Related)
$4,559,428
$4,579,258
+0%
Related-Party Payables
-
-
-
Other Liabilities
$2,390,848
$792,765
-67%
Total Liabilities
$29,186,371
$26,277,028
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$47,521,145
$47,155,615
-1%
Unrestricted Net Assets
$50,497,831
$44,075,029
-13%
Net assets
2023
2024
Change
Net assets
+$98,018,976
+$91,230,644
-7%
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