Simpson University
Balance Sheet
Fiscal Year Start:
May 1
Assets in 2024 (Year End)
$50,371,200
Property, Plant, & Equipment (net)
63%
Investments
17%
Cash & Equivalents
11%
Receivables (Non-Related)
5%
Other Assets
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$30,963,714
Tax-Exempt Bond Liabilities
94%
Other Liabilities
3%
Payables & Accruals
2%
Notes Payable / Debt (Non-Related)
1%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,745,971
$5,749,188
-26%
Receivables (Non-Related)
$3,442,764
$2,660,307
-23%
Related-Party Receivables
-
$0
-
Inventories
$24,210
$24,210
+0%
Prepaid Expenses
$100,799
$55,504
-45%
Investments
$8,788,229
$8,793,798
+0%
Property, Plant, & Equipment (net)
$30,149,589
$31,571,098
+5%
Other Assets
$1,790,361
$1,517,095
-15%
Total Assets
$52,041,923
$50,371,200
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,380,143
$769,716
-44%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
$28,957,527
$28,967,194
+0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$496,000
$441,000
-11%
Related-Party Payables
-
$0
-
Other Liabilities
$1,089,510
$785,804
-28%
Total Liabilities
$31,923,180
$30,963,714
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$11,467,721
$11,678,600
+2%
Unrestricted Net Assets
$8,651,022
$7,728,886
-11%
Net assets
2023
2024
Change
Net assets
+$20,118,743
+$19,407,486
-4%
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