ASHESI UNIVERSITY FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$29,324,742
Investments
62%
Cash & Equivalents
34%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$8,018,591
Custodial & Escrow Liabilities
91%
Related-Party Payables
7%
Notes Payable / Debt (Non-Related)
2%
Payables & Accruals
1%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,108,270
$9,848,421
+93%
Receivables (Non-Related)
$3,830,372
$1,301,669
-66%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$81,630
$82,459
+1%
Investments
$16,819,260
$18,056,438
+7%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$53,888
$35,755
-34%
Total Assets
$25,893,420
$29,324,742
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$59,748
$93,916
+57%
Grants Payable
-
-
-
Deferred Revenue
$256,233
$16,525
-94%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$4,846,894
$7,258,093
+50%
Notes Payable / Debt (Non-Related)
$164,824
$126,980
-23%
Related-Party Payables
$603,846
$523,077
-13%
Other Liabilities
-
-
-
Total Liabilities
$5,931,545
$8,018,591
+35%
Net assets
2023
2024
Change
Restricted Net Assets
$16,120,546
$17,534,128
+9%
Unrestricted Net Assets
$3,841,329
$3,772,023
-2%
Net assets
2023
2024
Change
Net assets
+$19,961,875
+$21,306,151
+7%
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