Lenoir-Rhyne University
Lenoir-Rhyne University
Lenoir-Rhyne University
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$291,373,063
Investments
46%
Property, Plant, & Equipment (net)
40%
Cash & Equivalents
8%
Receivables (Non-Related)
4%
Prepaid Expenses
2%
Other Assets
2%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$75,928,610
Tax-Exempt Bond Liabilities
68%
Other Liabilities
17%
Payables & Accruals
12%
Deferred Revenue
3%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$23,460,641
$22,153,235
-6%
Receivables (Non-Related)
$15,152,881
$10,508,715
-31%
Related-Party Receivables
$0
$0
-
Inventories
$10,867
$5,708
-47%
Prepaid Expenses
$6,469,223
$5,589,377
-14%
Investments
$127,603,890
$132,842,341
+4%
Property, Plant, & Equipment (net)
$114,368,867
$115,601,852
+1%
Other Assets
$4,177,817
$4,671,835
+12%
Total Assets
$291,244,186
$291,373,063
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$9,438,386
$9,001,716
-5%
Grants Payable
$0
$0
-
Deferred Revenue
$2,503,834
$2,219,314
-11%
Tax-Exempt Bond Liabilities
$51,529,493
$51,567,942
+0%
Custodial & Escrow Liabilities
$195,139
$198,015
+1%
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$14,190,788
$12,941,623
-9%
Total Liabilities
$77,857,640
$75,928,610
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$135,746,094
$148,620,968
+9%
Unrestricted Net Assets
$77,640,452
$66,823,485
-14%
Net assets
2023
2024
Change
Net assets
+$213,386,546
+$215,444,453
+1%
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