Balance Sheet

Fiscal Year: 2025
Jul 1, 2024 – Jun 30, 2025
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Assets in 2025 (Year End)
$2,348,431,618
Investments
93%
Receivables (Non-Related)
2%
Other Assets
2%
Property, Plant, & Equipment (net)
2%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$277,432,594
Other Liabilities
78%
Grants Payable
13%
Deferred Revenue
7%
Payables & Accruals
2%
Notes Payable / Debt (Non-Related)
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$11,449,619
$33,923,441
+196%
Receivables (Non-Related)
$55,722,187
$53,096,666
-5%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
-$26,414
$109,894
-516%
Investments
$2,057,397,425
$2,188,412,536
+6%
Property, Plant, & Equipment (net)
$36,263,535
$35,863,228
-1%
Other Assets
$34,667,484
$37,025,853
+7%
Total Assets
$2,195,473,836
$2,348,431,618
+7%
Liabilities
2024
2025
Change
Payables & Accruals
$2,187,752
$4,227,476
+93%
Grants Payable
$40,978,986
$36,933,952
-10%
Deferred Revenue
$3,250,000
$18,390,828
+466%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$1,500,000
$1,500,000
+0%
Related-Party Payables
$0
$0
-
Other Liabilities
$195,051,962
$216,380,338
+11%
Total Liabilities
$242,968,700
$277,432,594
+14%
Net assets
2024
2025
Change
Restricted Net Assets
$171,975,966
$0
-100%
Unrestricted Net Assets
$1,780,529,170
$2,070,999,024
+16%
Net assets
2024
2025
Change
Net assets
+$1,952,505,136
+$2,070,999,024
+6%