PIEDMONT UNIVERSITY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$145,567,564
Property, Plant, & Equipment (net)
58%
Investments
35%
Cash & Equivalents
4%
Other Assets
3%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$33,072,176
Tax-Exempt Bond Liabilities
71%
Other Liabilities
11%
Deferred Revenue
8%
Payables & Accruals
5%
Notes Payable / Debt (Non-Related)
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,527,914
$5,954,998
-21%
Receivables (Non-Related)
$903,128
$397,911
-56%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$399,411
$631,252
+58%
Investments
$47,144,160
$50,388,351
+7%
Property, Plant, & Equipment (net)
$86,989,195
$84,021,282
-3%
Other Assets
$4,964,019
$4,173,770
-16%
Total Assets
$147,927,827
$145,567,564
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,990,048
$1,730,468
-13%
Grants Payable
-
-
-
Deferred Revenue
$2,806,609
$2,593,677
-8%
Tax-Exempt Bond Liabilities
$24,320,183
$23,478,316
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,847,432
$1,535,045
-17%
Related-Party Payables
-
-
-
Other Liabilities
$4,692,369
$3,734,670
-20%
Total Liabilities
$35,656,641
$33,072,176
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$15,282,260
$16,871,669
+10%
Unrestricted Net Assets
$96,988,926
$95,623,719
-1%
Net assets
2023
2024
Change
Net assets
+$112,271,186
+$112,495,388
+0%
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