LEE UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$198,829,507
Property, Plant, & Equipment (net)
74%
Investments
17%
Cash & Equivalents
5%
Receivables (Non-Related)
4%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$29,398,301
Other Liabilities
38%
Tax-Exempt Bond Liabilities
29%
Payables & Accruals
27%
Deferred Revenue
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,985,421
$9,122,664
-17%
Receivables (Non-Related)
$5,565,483
$7,063,353
+27%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$48,224
$53,369
+11%
Investments
$30,946,403
$34,268,209
+11%
Property, Plant, & Equipment (net)
$148,399,998
$147,622,329
-1%
Other Assets
$1,014,172
$699,583
-31%
Total Assets
$196,959,701
$198,829,507
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$8,262,144
$7,917,317
-4%
Grants Payable
-
-
-
Deferred Revenue
$1,703,189
$1,588,262
-7%
Tax-Exempt Bond Liabilities
$12,394,168
$8,625,405
-30%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$17,573
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
$8,414,709
$11,267,317
+34%
Total Liabilities
$30,791,783
$29,398,301
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$26,924,194
$28,750,469
+7%
Unrestricted Net Assets
$139,243,724
$140,680,737
+1%
Net assets
2023
2024
Change
Net assets
+$166,167,918
+$169,431,206
+2%
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