FURMAN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,399,667,880
Investments
54%
Property, Plant, & Equipment (net)
22%
Other Assets
19%
Receivables (Non-Related)
3%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$269,319,882
Tax-Exempt Bond Liabilities
91%
Payables & Accruals
5%
Deferred Revenue
2%
Other Liabilities
<1%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$11,292,215
$11,640,983
+3%
Receivables (Non-Related)
$58,926,036
$44,569,494
-24%
Related-Party Receivables
-
-
-
Inventories
$265,982
$296,850
+12%
Prepaid Expenses
$2,483,287
$1,824,709
-27%
Investments
$709,225,279
$756,397,951
+7%
Property, Plant, & Equipment (net)
$261,811,973
$312,056,671
+19%
Other Assets
$236,391,542
$272,881,222
+15%
Total Assets
$1,280,396,314
$1,399,667,880
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$8,318,882
$14,278,920
+72%
Grants Payable
-
-
-
Deferred Revenue
$4,823,082
$6,538,775
+36%
Tax-Exempt Bond Liabilities
$170,521,981
$245,872,855
+44%
Custodial & Escrow Liabilities
$35,605
$32,906
-8%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,772,981
$2,596,426
-6%
Total Liabilities
$186,472,531
$269,319,882
+44%
Net assets
2023
2024
Change
Restricted Net Assets
$729,611,636
$763,835,816
+5%
Unrestricted Net Assets
$364,312,147
$366,512,182
+1%
Net assets
2023
2024
Change
Net assets
+$1,093,923,783
+$1,130,347,998
+3%
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