MINERVA UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$43,055,956
Other Assets
57%
Cash & Equivalents
33%
Receivables (Non-Related)
6%
Investments
2%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$26,680,886
Other Liabilities
91%
Deferred Revenue
9%
Payables & Accruals
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$23,583,686
$14,400,567
-39%
Receivables (Non-Related)
$2,401,085
$2,736,633
+14%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$743,606
$531,402
-29%
Investments
$921,353
$921,353
+0%
Property, Plant, & Equipment (net)
$19,475
$380
-98%
Other Assets
$29,869,642
$24,465,621
-18%
Total Assets
$57,538,847
$43,055,956
-25%
Liabilities
2023
2024
Change
Payables & Accruals
$1,234,062
$227,545
-82%
Grants Payable
-
-
-
Deferred Revenue
$2,762,979
$2,278,342
-18%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$28,634,113
$24,174,999
-16%
Total Liabilities
$32,631,154
$26,680,886
-18%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$24,907,693
$16,375,070
-34%
Net assets
2023
2024
Change
Net assets
+$24,907,693
+$16,375,070
-34%
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