LIPSCOMB UNIVERSITY
LIPSCOMB UNIVERSITY
LIPSCOMB UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$460,159,047
Property, Plant, & Equipment (net)
62%
Investments
27%
Receivables (Non-Related)
6%
Other Assets
3%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$246,671,486
Tax-Exempt Bond Liabilities
81%
Payables & Accruals
7%
Other Liabilities
6%
Deferred Revenue
5%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,581,395
$4,293,721
+172%
Receivables (Non-Related)
$33,284,023
$29,114,138
-13%
Related-Party Receivables
-
-
-
Inventories
$3,943,437
$48,873
-99%
Prepaid Expenses
$1,907,117
$1,572,185
-18%
Investments
$106,988,163
$124,288,533
+16%
Property, Plant, & Equipment (net)
$289,405,521
$287,591,798
-1%
Other Assets
$17,989,973
$13,249,799
-26%
Total Assets
$455,099,629
$460,159,047
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$17,621,430
$17,545,491
0%
Grants Payable
-
-
-
Deferred Revenue
$10,954,388
$12,588,761
+15%
Tax-Exempt Bond Liabilities
$200,875,428
$198,914,480
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,828,843
$1,792,262
-2%
Related-Party Payables
-
-
-
Other Liabilities
$20,486,429
$15,830,492
-23%
Total Liabilities
$251,766,518
$246,671,486
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$116,731,091
$129,487,980
+11%
Unrestricted Net Assets
$86,602,020
$83,999,581
-3%
Net assets
2023
2024
Change
Net assets
+$203,333,111
+$213,487,561
+5%
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