WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$163,322,809
Property, Plant, & Equipment (net)
42%
Receivables (Non-Related)
31%
Cash & Equivalents
17%
Investments
10%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$109,831,799
Notes Payable / Debt (Non-Related)
49%
Payables & Accruals
28%
Deferred Revenue
22%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$34,028,495
$27,570,079
-19%
Receivables (Non-Related)
$49,785,090
$50,647,213
+2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$537,827
$379,292
-29%
Investments
$15,271,095
$16,515,077
+8%
Property, Plant, & Equipment (net)
$65,488,015
$68,211,148
+4%
Other Assets
-
-
-
Total Assets
$165,110,522
$163,322,809
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$43,059,096
$31,224,649
-27%
Grants Payable
-
-
-
Deferred Revenue
$24,950,264
$24,388,857
-2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$55,113,569
$53,930,541
-2%
Related-Party Payables
-
-
-
Other Liabilities
$682,143
$287,752
-58%
Total Liabilities
$123,805,072
$109,831,799
-11%
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
+$41,305,450
+$53,491,010
+30%
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