Union University
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$219,146,327
Property, Plant, & Equipment (net)
59%
Investments
31%
Cash & Equivalents
7%
Receivables (Non-Related)
3%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$18,131,154
Tax-Exempt Bond Liabilities
39%
Deferred Revenue
27%
Payables & Accruals
24%
Other Liabilities
8%
Notes Payable / Debt (Non-Related)
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$17,338,876
$15,303,272
-12%
Receivables (Non-Related)
$1,787,627
$5,695,504
+219%
Related-Party Receivables
-
$0
-
Inventories
-
-
-
Prepaid Expenses
$263,544
$284,707
+8%
Investments
$62,311,451
$67,938,230
+9%
Property, Plant, & Equipment (net)
$120,126,478
$129,404,414
+8%
Other Assets
$421,864
$520,200
+23%
Total Assets
$202,249,840
$219,146,327
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$3,039,250
$4,280,602
+41%
Grants Payable
-
-
-
Deferred Revenue
$5,139,797
$4,946,211
-4%
Tax-Exempt Bond Liabilities
$7,359,478
$7,142,622
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$42,056
$385,334
+816%
Related-Party Payables
-
$0
-
Other Liabilities
$1,280,148
$1,376,385
+8%
Total Liabilities
$16,860,729
$18,131,154
+8%
Net assets
2023
2024
Change
Restricted Net Assets
$89,741,404
$104,113,641
+16%
Unrestricted Net Assets
$95,647,707
$96,901,532
+1%
Net assets
2023
2024
Change
Net assets
+$185,389,111
+$201,015,173
+8%
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