WESTERN NEW ENGLAND UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$254,777,266
Property, Plant, & Equipment (net)
55%
Investments
36%
Cash & Equivalents
6%
Receivables (Non-Related)
2%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$113,737,121
Tax-Exempt Bond Liabilities
79%
Payables & Accruals
10%
Deferred Revenue
7%
Custodial & Escrow Liabilities
2%
Other Liabilities
1%
Grants Payable
<1%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$20,943,741
$14,100,858
-33%
Receivables (Non-Related)
$8,435,876
$5,242,548
-38%
Related-Party Receivables
$0
-
-
Inventories
$29,307
$19,843
-32%
Prepaid Expenses
$2,984,527
$2,750,174
-8%
Investments
$89,216,708
$92,778,333
+4%
Property, Plant, & Equipment (net)
$137,909,010
$139,885,510
+1%
Other Assets
$0
-
-
Total Assets
$259,519,169
$254,777,266
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$12,417,061
$11,934,317
-4%
Grants Payable
$1,212,736
$1,021,012
-16%
Deferred Revenue
$6,436,421
$7,743,848
+20%
Tax-Exempt Bond Liabilities
$92,204,264
$89,810,410
-3%
Custodial & Escrow Liabilities
$2,471,094
$2,064,062
-16%
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$0
-
-
Other Liabilities
$1,463,888
$1,163,472
-21%
Total Liabilities
$116,205,464
$113,737,121
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$46,372,952
$48,535,103
+5%
Unrestricted Net Assets
$96,940,753
$92,505,042
-5%
Net assets
2023
2024
Change
Net assets
+$143,313,705
+$141,040,145
-2%
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