GARDNER-WEBB UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$166,069,640
Investments
47%
Property, Plant, & Equipment (net)
37%
Cash & Equivalents
8%
Receivables (Non-Related)
5%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$32,016,943
Tax-Exempt Bond Liabilities
56%
Deferred Revenue
28%
Payables & Accruals
11%
Other Liabilities
4%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$20,083,757
$13,014,961
-35%
Receivables (Non-Related)
$7,085,685
$9,051,229
+28%
Related-Party Receivables
-
-
-
Inventories
$66,401
$7,018
-89%
Prepaid Expenses
$1,268,343
$1,020,197
-20%
Investments
$72,310,877
$78,276,196
+8%
Property, Plant, & Equipment (net)
$53,120,764
$62,207,071
+17%
Other Assets
$298,123
$2,492,968
+736%
Total Assets
$154,233,950
$166,069,640
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$3,113,218
$3,466,279
+11%
Grants Payable
-
-
-
Deferred Revenue
$4,191,921
$8,991,363
+114%
Tax-Exempt Bond Liabilities
$19,557,757
$18,028,475
-8%
Custodial & Escrow Liabilities
$107,860
$112,618
+4%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,269,927
$1,418,208
+12%
Total Liabilities
$28,240,683
$32,016,943
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$70,769,619
$77,318,200
+9%
Unrestricted Net Assets
$55,223,648
$56,734,497
+3%
Net assets
2023
2024
Change
Net assets
+$125,993,267
+$134,052,697
+6%
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