SOUTHEASTERN UNIVERSITY INC
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$141,314,862
Property, Plant, & Equipment (net)
61%
Investments
23%
Cash & Equivalents
13%
Receivables (Non-Related)
2%
Other Assets
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$90,921,053
Tax-Exempt Bond Liabilities
59%
Notes Payable / Debt (Non-Related)
29%
Payables & Accruals
6%
Deferred Revenue
4%
Other Liabilities
2%
Grants Payable
<1%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,786,872
$17,999,524
+165%
Receivables (Non-Related)
$3,455,420
$2,331,308
-33%
Related-Party Receivables
$0
$0
-
Inventories
$0
-
-
Prepaid Expenses
$1,049,312
$873,324
-17%
Investments
$29,887,237
$32,510,498
+9%
Property, Plant, & Equipment (net)
$90,009,246
$85,940,240
-5%
Other Assets
$2,486,521
$1,659,968
-33%
Total Assets
$133,674,608
$141,314,862
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$7,504,417
$5,063,330
-33%
Grants Payable
$18,843
$1,422
-92%
Deferred Revenue
$1,487,684
$3,979,285
+167%
Tax-Exempt Bond Liabilities
$49,542,163
$53,619,434
+8%
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$24,941,361
$26,817,178
+8%
Related-Party Payables
$0
$0
-
Other Liabilities
$2,398,184
$1,440,404
-40%
Total Liabilities
$85,892,652
$90,921,053
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$14,071,197
$14,731,508
+5%
Unrestricted Net Assets
$33,710,759
$35,662,301
+6%
Net assets
2023
2024
Change
Net assets
+$47,781,956
+$50,393,809
+5%
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