LeTourneau University
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$152,992,879
Property, Plant, & Equipment (net)
40%
Receivables (Non-Related)
32%
Investments
11%
Other Assets
9%
Cash & Equivalents
9%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$14,000,025
Deferred Revenue
62%
Other Liabilities
28%
Tax-Exempt Bond Liabilities
11%
Payables & Accruals
0%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$12,245,655
$13,030,113
+6%
Receivables (Non-Related)
$6,510,374
$48,473,021
+645%
Related-Party Receivables
$0
$0
-
Inventories
$139,969
$98,271
-30%
Prepaid Expenses
$762,163
$682,445
-10%
Investments
$19,277,179
$16,470,332
-15%
Property, Plant, & Equipment (net)
$60,880,286
$61,001,024
+0%
Other Assets
$30,916,590
$13,237,673
-57%
Total Assets
$130,732,216
$152,992,879
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$3,782,364
$0
-100%
Grants Payable
$0
-
-
Deferred Revenue
$2,633,481
$8,658,004
+229%
Tax-Exempt Bond Liabilities
$2,671,039
$1,481,970
-45%
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$1,711,298
$3,860,051
+126%
Total Liabilities
$10,798,182
$14,000,025
+30%
Net assets
2023
2024
Change
Restricted Net Assets
$32,414,812
$62,871,282
+94%
Unrestricted Net Assets
$87,519,222
$76,121,572
-13%
Net assets
2023
2024
Change
Net assets
+$119,934,034
+$138,992,854
+16%
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