GEORGIA TECH ATHLETIC ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$452,431,938
Investments
43%
Property, Plant, & Equipment (net)
40%
Receivables (Non-Related)
14%
Cash & Equivalents
2%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$351,200,639
Other Liabilities
66%
Tax-Exempt Bond Liabilities
19%
Notes Payable / Debt (Non-Related)
8%
Deferred Revenue
6%
Payables & Accruals
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,783,399
$8,386,852
+201%
Receivables (Non-Related)
$22,333,644
$63,851,173
+186%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$596,631
$1,080,666
+81%
Investments
$160,912,349
$193,062,938
+20%
Property, Plant, & Equipment (net)
$169,323,168
$178,857,663
+6%
Other Assets
$15,395,712
$7,192,646
-53%
Total Assets
$371,344,903
$452,431,938
+22%
Liabilities
2023
2024
Change
Payables & Accruals
$4,463,490
$3,457,377
-23%
Grants Payable
-
-
-
Deferred Revenue
$1,186,690
$21,411,456
+1704%
Tax-Exempt Bond Liabilities
$200,585,428
$66,125,000
-67%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$20,544,825
$28,650,371
+39%
Related-Party Payables
-
-
-
Other Liabilities
$73,148,926
$231,556,435
+217%
Total Liabilities
$299,929,359
$351,200,639
+17%
Net assets
2023
2024
Change
Restricted Net Assets
$160,616,798
$163,236,999
+2%
Unrestricted Net Assets
-$89,201,254
-$62,005,700
+30%
Net assets
2023
2024
Change
Net assets
+$71,415,544
+$101,231,299
+42%
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