KING UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$69,558,771
Investments
63%
Property, Plant, & Equipment (net)
28%
Cash & Equivalents
3%
Receivables (Non-Related)
3%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$12,611,028
Notes Payable / Debt (Non-Related)
54%
Other Liabilities
19%
Payables & Accruals
14%
Deferred Revenue
13%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,175,791
$2,272,830
+4%
Receivables (Non-Related)
$1,914,585
$1,825,739
-5%
Related-Party Receivables
-
-
-
Inventories
$160,976
$151,354
-6%
Prepaid Expenses
$326,492
$318,538
-2%
Investments
$42,051,538
$44,049,524
+5%
Property, Plant, & Equipment (net)
$17,119,324
$19,337,566
+13%
Other Assets
$509,330
$1,603,220
+215%
Total Assets
$64,258,036
$69,558,771
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$2,211,644
$1,738,032
-21%
Grants Payable
-
-
-
Deferred Revenue
$1,797,763
$1,652,220
-8%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,110,544
$6,777,939
+65%
Related-Party Payables
-
-
-
Other Liabilities
$1,492,648
$2,442,837
+64%
Total Liabilities
$9,612,599
$12,611,028
+31%
Net assets
2023
2024
Change
Restricted Net Assets
$41,471,880
$44,676,340
+8%
Unrestricted Net Assets
$13,173,557
$12,271,403
-7%
Net assets
2023
2024
Change
Net assets
+$54,645,437
+$56,947,743
+4%
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