UNIVERSITY OF THE SOUTH
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$851,048,467
Investments
59%
Property, Plant, & Equipment (net)
27%
Cash & Equivalents
7%
Receivables (Non-Related)
4%
Other Assets
4%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$104,260,649
Tax-Exempt Bond Liabilities
76%
Payables & Accruals
16%
Other Liabilities
6%
Notes Payable / Debt (Non-Related)
<1%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$74,353,245
$57,630,116
-22%
Receivables (Non-Related)
$36,260,870
$35,015,975
-3%
Related-Party Receivables
$0
$0
-
Inventories
$560,418
$510,287
-9%
Prepaid Expenses
$2,740,777
$3,164,341
+15%
Investments
$460,885,626
$498,480,271
+8%
Property, Plant, & Equipment (net)
$210,896,708
$226,136,841
+7%
Other Assets
$28,260,415
$30,110,636
+7%
Total Assets
$813,958,059
$851,048,467
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$14,954,123
$16,548,968
+11%
Grants Payable
-
-
-
Deferred Revenue
$740,547
$967,939
+31%
Tax-Exempt Bond Liabilities
$80,579,259
$79,037,914
-2%
Custodial & Escrow Liabilities
-
$0
-
Notes Payable / Debt (Non-Related)
$1,508,554
$1,031,438
-32%
Related-Party Payables
-
$0
-
Other Liabilities
$6,753,301
$6,674,390
-1%
Total Liabilities
$104,535,784
$104,260,649
0%
Net assets
2023
2024
Change
Restricted Net Assets
$431,344,384
$466,673,143
+8%
Unrestricted Net Assets
$278,077,891
$280,114,675
+1%
Net assets
2023
2024
Change
Net assets
+$709,422,275
+$746,787,818
+5%
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