Friends University
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$125,122,447
Investments
51%
Property, Plant, & Equipment (net)
38%
Other Assets
8%
Receivables (Non-Related)
2%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$6,150,047
Tax-Exempt Bond Liabilities
30%
Payables & Accruals
27%
Other Liabilities
20%
Deferred Revenue
12%
Notes Payable / Debt (Non-Related)
10%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,520,947
$1,887,496
-25%
Receivables (Non-Related)
$2,553,095
$2,281,825
-11%
Related-Party Receivables
$0
$0
-
Inventories
$32,957
$34,191
+4%
Prepaid Expenses
$285,696
$80,069
-72%
Investments
$63,454,762
$63,613,342
+0%
Property, Plant, & Equipment (net)
$41,497,678
$47,545,617
+15%
Other Assets
$9,140,654
$9,679,907
+6%
Total Assets
$119,485,789
$125,122,447
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$1,353,305
$1,681,153
+24%
Grants Payable
$0
-
-
Deferred Revenue
$852,016
$760,432
-11%
Tax-Exempt Bond Liabilities
$1,864,695
$1,870,809
+0%
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$0
$600,000
-
Related-Party Payables
$0
$0
-
Other Liabilities
$1,397,672
$1,237,653
-11%
Total Liabilities
$5,467,688
$6,150,047
+12%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$114,018,101
+$118,972,400
+4%
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