UNIVERSITY OF SOUTH ALABAMA FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$458,334,456
Investments
59%
Property, Plant, & Equipment (net)
40%
Other Assets
<1%
Cash & Equivalents
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$1,071,943
Payables & Accruals
90%
Other Liabilities
10%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,712,816
$1,814,486
+6%
Receivables (Non-Related)
$120,336
$32,186
-73%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$233,809,586
$272,555,876
+17%
Property, Plant, & Equipment (net)
$180,994,433
$181,078,492
+0%
Other Assets
$2,605,977
$2,853,416
+9%
Total Assets
$419,243,148
$458,334,456
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$855,071
$961,943
+12%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$110,000
$110,000
+0%
Total Liabilities
$965,071
$1,071,943
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$353,578,646
$392,709,414
+11%
Unrestricted Net Assets
$64,699,431
$64,553,099
0%
Net assets
2023
2024
Change
Net assets
+$418,278,077
+$457,262,513
+9%
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