Howard Payne University
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$146,425,234
Investments
62%
Property, Plant, & Equipment (net)
27%
Cash & Equivalents
6%
Other Assets
3%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$8,171,163
Other Liabilities
49%
Deferred Revenue
30%
Payables & Accruals
21%
Grants Payable
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
$7,572,845
$8,927,335
+18%
Receivables (Non-Related)
$592,468
$497,096
-16%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$554,888
$523,937
-6%
Investments
$83,111,367
$91,288,222
+10%
Property, Plant, & Equipment (net)
$38,465,401
$40,113,998
+4%
Other Assets
$1,855,550
$5,074,646
+173%
Total Assets
$132,152,519
$146,425,234
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$1,975,143
$1,716,724
-13%
Grants Payable
-
-
-
Deferred Revenue
$2,832,444
$2,426,100
-14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$808,068
$4,028,339
+399%
Total Liabilities
$5,615,655
$8,171,163
+46%
Net assets
2023
2024
Change
Restricted Net Assets
$92,814,399
$100,713,414
+9%
Unrestricted Net Assets
$33,722,465
$37,540,657
+11%
Net assets
2023
2024
Change
Net assets
+$126,536,864
+$138,254,071
+9%
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