Elon University
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$1,207,035,090
Property, Plant, & Equipment (net)
46%
Investments
44%
Cash & Equivalents
6%
Other Assets
2%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$301,629,994
Tax-Exempt Bond Liabilities
70%
Other Liabilities
18%
Payables & Accruals
10%
Deferred Revenue
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$85,533,358
$74,507,681
-13%
Receivables (Non-Related)
$4,946,866
$4,742,066
-4%
Related-Party Receivables
$0
$0
-
Inventories
$70,444
$123,492
+75%
Prepaid Expenses
$3,051,498
$7,593,085
+149%
Investments
$458,419,194
$531,249,116
+16%
Property, Plant, & Equipment (net)
$524,738,700
$559,083,094
+7%
Other Assets
$13,059,412
$29,736,556
+128%
Total Assets
$1,089,819,472
$1,207,035,090
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$24,899,514
$29,071,115
+17%
Grants Payable
-
-
-
Deferred Revenue
$5,909,582
$6,461,174
+9%
Tax-Exempt Bond Liabilities
$184,798,750
$211,928,579
+15%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$39,438,878
$54,169,126
+37%
Total Liabilities
$255,046,724
$301,629,994
+18%
Net assets
2023
2024
Change
Restricted Net Assets
$223,267,106
$244,793,209
+10%
Unrestricted Net Assets
$611,505,642
$660,611,887
+8%
Net assets
2023
2024
Change
Net assets
+$834,772,748
+$905,405,096
+8%
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