COLORADO STATE UNIVERSITY RESEARCH FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$159,935,912
Cash & Equivalents
54%
Property, Plant, & Equipment (net)
29%
Receivables (Non-Related)
6%
Other Assets
5%
Investments
5%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$133,571,073
Tax-Exempt Bond Liabilities
61%
Notes Payable / Debt (Non-Related)
28%
Other Liabilities
6%
Payables & Accruals
6%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$5,586,021
$86,942,814
+1456%
Receivables (Non-Related)
$9,933,441
$9,355,659
-6%
Related-Party Receivables
-
-
-
Inventories
$25,215
$34,821
+38%
Prepaid Expenses
$30,614
$48,507
+58%
Investments
$9,585,313
$8,402,136
-12%
Property, Plant, & Equipment (net)
$36,400,232
$46,716,577
+28%
Other Assets
$8,625,323
$8,435,398
-2%
Total Assets
$70,186,159
$159,935,912
+128%
Liabilities
2024
2025
Change
Payables & Accruals
$5,565,495
$7,394,186
+33%
Grants Payable
-
-
-
Deferred Revenue
$322,443
$241,951
-25%
Tax-Exempt Bond Liabilities
-
$81,557,258
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$36,032,826
$36,845,123
+2%
Related-Party Payables
-
-
-
Other Liabilities
$7,786,473
$7,532,555
-3%
Total Liabilities
$49,707,237
$133,571,073
+169%
Net assets
2024
2025
Change
Restricted Net Assets
$195,946
$195,946
+0%
Unrestricted Net Assets
$20,282,976
$26,168,893
+29%
Net assets
2024
2025
Change
Net assets
+$20,478,922
+$26,364,839
+29%
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