The King's University
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$15,678,973
Investments
71%
Cash & Equivalents
21%
Property, Plant, & Equipment (net)
5%
Receivables (Non-Related)
2%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$904,432
Deferred Revenue
49%
Payables & Accruals
34%
Other Liabilities
17%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,990,304
$3,229,457
-19%
Receivables (Non-Related)
$434,307
$271,657
-37%
Related-Party Receivables
$0
$0
-
Inventories
$44,879
$40,482
-10%
Prepaid Expenses
$177,905
$184,555
+4%
Investments
$10,008,467
$11,105,655
+11%
Property, Plant, & Equipment (net)
$1,142,319
$847,167
-26%
Other Assets
$0
$0
-
Total Assets
$15,798,181
$15,678,973
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$584,457
$306,743
-48%
Grants Payable
-
-
-
Deferred Revenue
$802,954
$447,439
-44%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$151,069
$150,250
-1%
Total Liabilities
$1,538,480
$904,432
-41%
Net assets
2023
2024
Change
Restricted Net Assets
$6,527,567
$6,883,062
+5%
Unrestricted Net Assets
$7,732,134
$7,891,479
+2%
Net assets
2023
2024
Change
Net assets
+$14,259,701
+$14,774,541
+4%
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