SAMUEL MERRITT UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$595,616,621
Investments
45%
Property, Plant, & Equipment (net)
30%
Other Assets
16%
Cash & Equivalents
6%
Receivables (Non-Related)
2%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$275,679,159
Tax-Exempt Bond Liabilities
50%
Other Liabilities
38%
Payables & Accruals
11%
Deferred Revenue
1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$22,741,077
$34,239,583
+51%
Receivables (Non-Related)
$13,089,237
$11,970,568
-9%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$4,337,306
$6,573,636
+52%
Investments
$351,575,030
$268,539,135
-24%
Property, Plant, & Equipment (net)
$73,342,681
$179,441,987
+145%
Other Assets
$100,949,030
$94,851,712
-6%
Total Assets
$566,034,361
$595,616,621
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$17,742,207
$29,500,799
+66%
Grants Payable
-
-
-
Deferred Revenue
$3,700,475
$4,063,159
+10%
Tax-Exempt Bond Liabilities
$137,516,014
$137,146,387
0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$111,095,891
$104,968,814
-6%
Total Liabilities
$270,054,587
$275,679,159
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$94,171,942
$101,109,372
+7%
Unrestricted Net Assets
$201,807,832
$218,828,090
+8%
Net assets
2023
2024
Change
Net assets
+$295,979,774
+$319,937,462
+8%
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