OLD DOMINION UNIVERSITY RESEARCH FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$38,182,820
Receivables (Non-Related)
58%
Investments
15%
Cash & Equivalents
15%
Property, Plant, & Equipment (net)
7%
Other Assets
3%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$19,304,363
Deferred Revenue
48%
Payables & Accruals
46%
Other Liabilities
6%
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
$13,339,580
$5,596,846
-58%
Receivables (Non-Related)
$16,088,550
$22,185,092
+38%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,401,185
$869,169
-38%
Investments
$5,257,260
$5,647,680
+7%
Property, Plant, & Equipment (net)
$2,500,155
$2,717,110
+9%
Other Assets
$1,388,846
$1,166,923
-16%
Total Assets
$39,975,576
$38,182,820
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$8,244,906
$8,866,313
+8%
Grants Payable
-
-
-
Deferred Revenue
$10,860,231
$9,240,482
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,407,178
$1,197,568
-15%
Total Liabilities
$20,512,315
$19,304,363
-6%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$19,463,261
$18,878,457
-3%
Net assets
2023
2024
Change
Net assets
+$19,463,261
+$18,878,457
-3%
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