SPALDING UNIVERSITY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$85,460,340
Property, Plant, & Equipment (net)
52%
Investments
33%
Cash & Equivalents
11%
Other Assets
2%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$10,790,124
Notes Payable / Debt (Non-Related)
47%
Payables & Accruals
23%
Other Liabilities
17%
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
$5,437,361
$9,236,993
+70%
Receivables (Non-Related)
$2,984,527
$1,808,829
-39%
Related-Party Receivables
-
-
-
Inventories
$15,474
$26,745
+73%
Prepaid Expenses
$931,689
$607,441
-35%
Investments
$26,914,778
$27,831,351
+3%
Property, Plant, & Equipment (net)
$47,112,422
$44,072,902
-6%
Other Assets
$1,786,740
$1,876,079
+5%
Total Assets
$85,182,991
$85,460,340
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$2,446,940
$2,532,153
+3%
Grants Payable
-
-
-
Deferred Revenue
$1,694,726
$1,390,853
-18%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,878,723
$5,048,216
-27%
Related-Party Payables
-
-
-
Other Liabilities
$2,106,486
$1,818,902
-14%
Total Liabilities
$13,126,875
$10,790,124
-18%
Net assets
2023
2024
Change
Restricted Net Assets
$33,503,870
$32,383,282
-3%
Unrestricted Net Assets
$38,552,246
$42,286,934
+10%
Net assets
2023
2024
Change
Net assets
+$72,056,116
+$74,670,216
+4%
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