Azusa Pacific University
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$402,249,367
Investments
43%
Property, Plant, & Equipment (net)
40%
Other Assets
7%
Cash & Equivalents
5%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$188,517,861
Tax-Exempt Bond Liabilities
66%
Other Liabilities
23%
Deferred Revenue
5%
Payables & Accruals
3%
Grants Payable
2%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$29,110,577
$21,319,021
-27%
Receivables (Non-Related)
$10,890,138
$15,397,590
+41%
Related-Party Receivables
$0
$0
-
Inventories
$905,766
$669,051
-26%
Prepaid Expenses
$2,083,068
$2,817,850
+35%
Investments
$171,192,157
$173,261,994
+1%
Property, Plant, & Equipment (net)
$170,721,717
$160,769,739
-6%
Other Assets
$32,447,542
$28,014,122
-14%
Total Assets
$417,350,965
$402,249,367
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$9,984,134
$6,565,193
-34%
Grants Payable
$5,641,593
$3,956,580
-30%
Deferred Revenue
$8,197,115
$9,883,131
+21%
Tax-Exempt Bond Liabilities
$126,940,966
$124,935,226
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,175,010
$0
-100%
Related-Party Payables
$0
$0
-
Other Liabilities
$45,333,976
$43,177,731
-5%
Total Liabilities
$197,272,794
$188,517,861
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$81,133,121
$88,852,906
+10%
Unrestricted Net Assets
$138,945,050
$124,878,600
-10%
Net assets
2023
2024
Change
Net assets
+$220,078,171
+$213,731,506
-3%
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