REINHARDT UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$108,545,814
Property, Plant, & Equipment (net)
49%
Investments
43%
Other Assets
4%
Receivables (Non-Related)
3%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$42,043,136
Notes Payable / Debt (Non-Related)
91%
Payables & Accruals
7%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,145,890
$1,429,521
-33%
Receivables (Non-Related)
$2,498,344
$3,252,937
+30%
Related-Party Receivables
-
-
-
Inventories
$54,516
$51,899
-5%
Prepaid Expenses
$1,198,171
$558,942
-53%
Investments
$46,977,540
$46,229,921
-2%
Property, Plant, & Equipment (net)
$54,487,723
$53,130,922
-2%
Other Assets
$3,754,423
$3,891,672
+4%
Total Assets
$111,116,607
$108,545,814
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$2,599,141
$2,941,502
+13%
Grants Payable
-
-
-
Deferred Revenue
$943,866
$997,410
+6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$37,467,751
$38,104,224
+2%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$41,010,758
$42,043,136
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$35,399,652
$37,232,008
+5%
Unrestricted Net Assets
$34,706,197
$29,270,670
-16%
Net assets
2023
2024
Change
Net assets
+$70,105,849
+$66,502,678
-5%
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