New England College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$93,026,084
Property, Plant, & Equipment (net)
46%
Investments
36%
Receivables (Non-Related)
10%
Cash & Equivalents
4%
Prepaid Expenses
2%
Other Assets
1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$32,316,459
Tax-Exempt Bond Liabilities
58%
Payables & Accruals
24%
Notes Payable / Debt (Non-Related)
11%
Deferred Revenue
6%
Other Liabilities
1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$6,456,986
$4,049,231
-37%
Receivables (Non-Related)
$10,540,536
$9,114,273
-14%
Related-Party Receivables
-
-
-
Inventories
$144,997
$163,556
+13%
Prepaid Expenses
$1,857,448
$2,105,037
+13%
Investments
$31,581,837
$33,648,271
+7%
Property, Plant, & Equipment (net)
$38,268,497
$43,005,445
+12%
Other Assets
$5,501,182
$940,271
-83%
Total Assets
$94,351,483
$93,026,084
-1%
Liabilities
2024
2025
Change
Payables & Accruals
$6,887,355
$7,837,587
+14%
Grants Payable
-
-
-
Deferred Revenue
$1,496,030
$1,901,356
+27%
Tax-Exempt Bond Liabilities
$23,546,325
$18,836,798
-20%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$238,370
$3,411,275
+1331%
Related-Party Payables
-
-
-
Other Liabilities
$565,533
$329,443
-42%
Total Liabilities
$32,733,613
$32,316,459
-1%
Net assets
2024
2025
Change
Restricted Net Assets
$39,912,314
$38,955,052
-2%
Unrestricted Net Assets
$21,705,556
$21,754,573
+0%
Net assets
2024
2025
Change
Net assets
+$61,617,870
+$60,709,625
-1%
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