University of Mount Olive Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$101,622,452
Investments
39%
Property, Plant, & Equipment (net)
27%
Cash & Equivalents
20%
Other Assets
10%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$18,193,098
Deferred Revenue
54%
Notes Payable / Debt (Non-Related)
21%
Payables & Accruals
17%
Other Liabilities
8%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$19,393,380
$20,741,911
+7%
Receivables (Non-Related)
$2,657,530
$2,833,923
+7%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$673,629
$494,068
-27%
Investments
$27,854,597
$40,015,562
+44%
Property, Plant, & Equipment (net)
$27,450,913
$27,429,302
0%
Other Assets
$8,906,205
$10,107,686
+13%
Total Assets
$86,936,254
$101,622,452
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$2,736,849
$3,063,055
+12%
Grants Payable
$0
$0
-
Deferred Revenue
$4,872,529
$9,831,083
+102%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$4,075,779
$3,896,102
-4%
Related-Party Payables
$0
$0
-
Other Liabilities
$1,702,731
$1,402,858
-18%
Total Liabilities
$13,387,888
$18,193,098
+36%
Net assets
2023
2024
Change
Restricted Net Assets
$51,284,185
$59,591,978
+16%
Unrestricted Net Assets
$22,264,181
$23,837,376
+7%
Net assets
2023
2024
Change
Net assets
+$73,548,366
+$83,429,354
+13%
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