Belhaven University
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$82,976,010
Property, Plant, & Equipment (net)
79%
Investments
14%
Receivables (Non-Related)
4%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$22,328,153
Notes Payable / Debt (Non-Related)
67%
Deferred Revenue
23%
Payables & Accruals
7%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,738,661
$1,490,698
-81%
Receivables (Non-Related)
$2,096,262
$3,494,526
+67%
Related-Party Receivables
$0
$0
-
Inventories
$0
-
-
Prepaid Expenses
$110,782
$350,381
+216%
Investments
$12,867,100
$11,575,582
-10%
Property, Plant, & Equipment (net)
$62,580,767
$65,897,949
+5%
Other Assets
$215,688
$166,874
-23%
Total Assets
$85,609,260
$82,976,010
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,647,116
$1,599,755
-3%
Grants Payable
$0
-
-
Deferred Revenue
$4,385,591
$5,205,289
+19%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$14,947,712
$14,955,633
+0%
Related-Party Payables
$0
$0
-
Other Liabilities
$589,365
$567,476
-4%
Total Liabilities
$21,569,784
$22,328,153
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$23,361,351
$12,537,656
-46%
Unrestricted Net Assets
$40,678,125
$48,110,201
+18%
Net assets
2023
2024
Change
Net assets
+$64,039,476
+$60,647,857
-5%
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