UNIVERSITY OF THE CUMBERLANDS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$644,884,952
Investments
58%
Property, Plant, & Equipment (net)
22%
Cash & Equivalents
9%
Other Assets
7%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$34,835,387
Deferred Revenue
70%
Payables & Accruals
26%
Other Liabilities
4%
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
$71,538,830
$58,376,722
-18%
Receivables (Non-Related)
$28,286,384
$29,169,318
+3%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$65,750
$1,541,335
+2244%
Investments
$268,731,764
$371,540,040
+38%
Property, Plant, & Equipment (net)
$140,245,623
$142,009,536
+1%
Other Assets
$41,172,670
$42,248,001
+3%
Total Assets
$550,041,021
$644,884,952
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$8,810,349
$8,976,302
+2%
Grants Payable
-
-
-
Deferred Revenue
$25,158,745
$24,419,924
-3%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,772,004
$1,439,161
-19%
Total Liabilities
$35,741,098
$34,835,387
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$91,623,282
$110,729,794
+21%
Unrestricted Net Assets
$422,676,641
$499,319,771
+18%
Net assets
2023
2024
Change
Net assets
+$514,299,923
+$610,049,565
+19%
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