UND Aerospace Foundation
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$109,612,902
Property, Plant, & Equipment (net)
61%
Cash & Equivalents
34%
Receivables (Non-Related)
2%
Other Assets
2%
Inventories
<1%
Prepaid Expenses
<1%
Investments
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$15,129,692
Notes Payable / Debt (Non-Related)
35%
Deferred Revenue
34%
Other Liabilities
17%
Payables & Accruals
9%
Grants Payable
5%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$23,503,551
$37,059,796
+58%
Receivables (Non-Related)
$3,673,536
$1,935,437
-47%
Related-Party Receivables
-
-
-
Inventories
$937,711
$925,548
-1%
Prepaid Expenses
$394,576
$449,017
+14%
Investments
$242,000
$424,991
+76%
Property, Plant, & Equipment (net)
$66,354,627
$66,980,999
+1%
Other Assets
$1,125,900
$1,837,114
+63%
Total Assets
$96,231,901
$109,612,902
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$1,540,435
$1,320,197
-14%
Grants Payable
$911,400
$792,960
-13%
Deferred Revenue
$2,286,972
$5,117,018
+124%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,709,320
$5,264,429
-8%
Related-Party Payables
-
-
-
Other Liabilities
$2,962,426
$2,635,088
-11%
Total Liabilities
$13,410,553
$15,129,692
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$285,706
$7,745,739
+2611%
Unrestricted Net Assets
$82,535,642
$86,737,471
+5%
Net assets
2023
2024
Change
Net assets
+$82,821,348
+$94,483,210
+14%
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