Florida Memorial University Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$84,350,606
Property, Plant, & Equipment (net)
53%
Other Assets
17%
Investments
15%
Receivables (Non-Related)
12%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$13,995,788
Deferred Revenue
69%
Payables & Accruals
29%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$525,653
$1,608,992
+206%
Receivables (Non-Related)
$7,463,679
$10,399,426
+39%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$1,327,348
$755,095
-43%
Investments
$11,473,593
$12,745,045
+11%
Property, Plant, & Equipment (net)
$46,177,988
$44,524,795
-4%
Other Assets
$17,285,728
$14,317,253
-17%
Total Assets
$84,253,989
$84,350,606
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$7,761,981
$4,012,527
-48%
Grants Payable
$0
-
-
Deferred Revenue
$601,472
$9,602,517
+1497%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$0
-
-
Other Liabilities
$2,488,780
$380,744
-85%
Total Liabilities
$10,852,233
$13,995,788
+29%
Net assets
2023
2024
Change
Restricted Net Assets
$10,650,708
$12,682,509
+19%
Unrestricted Net Assets
$62,751,048
$57,672,309
-8%
Net assets
2023
2024
Change
Net assets
+$73,401,756
+$70,354,818
-4%
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