THE UNIVERSITY OF CHARLESTON INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$168,675,553
Property, Plant, & Equipment (net)
48%
Investments
27%
Other Assets
11%
Cash & Equivalents
9%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$27,222,522
Tax-Exempt Bond Liabilities
59%
Payables & Accruals
16%
Deferred Revenue
15%
Other Liabilities
9%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$15,447,609
$15,535,671
+1%
Receivables (Non-Related)
$9,766,987
$8,648,715
-11%
Related-Party Receivables
-
-
-
Inventories
$178,995
$164,846
-8%
Prepaid Expenses
$265,098
$305,485
+15%
Investments
$41,688,028
$45,279,246
+9%
Property, Plant, & Equipment (net)
$81,194,058
$80,657,235
-1%
Other Assets
$16,667,273
$18,084,355
+9%
Total Assets
$165,208,048
$168,675,553
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$4,205,757
$4,462,040
+6%
Grants Payable
-
-
-
Deferred Revenue
$3,932,167
$4,057,291
+3%
Tax-Exempt Bond Liabilities
$16,379,900
$16,172,894
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,798,130
$2,530,297
-10%
Total Liabilities
$27,315,954
$27,222,522
0%
Net assets
2023
2024
Change
Restricted Net Assets
$70,616,140
$77,709,533
+10%
Unrestricted Net Assets
$67,275,954
$63,743,498
-5%
Net assets
2023
2024
Change
Net assets
+$137,892,094
+$141,453,031
+3%
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