THE DREXEL FUND
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$17,453,395
Receivables (Non-Related)
56%
Investments
28%
Cash & Equivalents
16%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,223,001
Grants Payable
96%
Payables & Accruals
4%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$2,005,864
$2,763,218
+38%
Receivables (Non-Related)
$10,071,538
$9,764,893
-3%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$11,734
$4,984
-58%
Investments
$4,699,912
$4,920,300
+5%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$16,789,048
$17,453,395
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$95,658
$51,710
-46%
Grants Payable
$1,238,255
$1,171,291
-5%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,000,000
$0
-100%
Total Liabilities
$2,333,913
$1,223,001
-48%
Net assets
2023
2024
Change
Restricted Net Assets
$12,651,589
$11,008,887
-13%
Unrestricted Net Assets
$1,803,546
$5,221,507
+190%
Net assets
2023
2024
Change
Net assets
+$14,455,135
+$16,230,394
+12%
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