FREED-HARDEMAN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$209,376,285
Investments
57%
Property, Plant, & Equipment (net)
35%
Cash & Equivalents
6%
Receivables (Non-Related)
<1%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$36,587,751
Tax-Exempt Bond Liabilities
64%
Other Liabilities
21%
Notes Payable / Debt (Non-Related)
6%
Payables & Accruals
5%
Deferred Revenue
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$11,983,618
$12,272,850
+2%
Receivables (Non-Related)
$1,552,328
$2,004,415
+29%
Related-Party Receivables
-
-
-
Inventories
$22,767
$93,757
+312%
Prepaid Expenses
$1,429,793
$848,156
-41%
Investments
$103,207,454
$119,418,763
+16%
Property, Plant, & Equipment (net)
$68,698,730
$73,733,014
+7%
Other Assets
$861,939
$1,005,330
+17%
Total Assets
$187,756,629
$209,376,285
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$3,553,620
$1,840,325
-48%
Grants Payable
$0
-
-
Deferred Revenue
$776,155
$1,337,689
+72%
Tax-Exempt Bond Liabilities
$12,484,574
$23,567,058
+89%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$15,381,679
$2,047,997
-87%
Related-Party Payables
-
-
-
Other Liabilities
$1,991,692
$7,794,682
+291%
Total Liabilities
$34,187,720
$36,587,751
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$90,536,750
$106,736,314
+18%
Unrestricted Net Assets
$63,032,159
$66,052,220
+5%
Net assets
2023
2024
Change
Net assets
+$153,568,909
+$172,788,534
+13%
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