WELLS COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$59,051,187
Investments
47%
Property, Plant, & Equipment (net)
43%
Cash & Equivalents
5%
Receivables (Non-Related)
2%
Other Assets
2%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$4,577,054
Payables & Accruals
72%
Other Liabilities
25%
Notes Payable / Debt (Non-Related)
2%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,288,713
$3,054,163
-58%
Receivables (Non-Related)
$3,503,721
$1,256,640
-64%
Related-Party Receivables
-
-
-
Inventories
$157,315
$77,052
-51%
Prepaid Expenses
$113,250
-
-
Investments
$30,325,568
$27,873,550
-8%
Property, Plant, & Equipment (net)
$26,745,509
$25,625,817
-4%
Other Assets
$1,038,694
$1,163,965
+12%
Total Assets
$69,172,770
$59,051,187
-15%
Liabilities
2023
2024
Change
Payables & Accruals
$1,390,271
$3,283,735
+136%
Grants Payable
-
-
-
Deferred Revenue
$100,760
$28,189
-72%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,293,004
$99,791
-98%
Related-Party Payables
-
-
-
Other Liabilities
$1,142,431
$1,165,339
+2%
Total Liabilities
$7,926,466
$4,577,054
-42%
Net assets
2023
2024
Change
Restricted Net Assets
$40,834,665
$40,246,513
-1%
Unrestricted Net Assets
$20,411,639
$14,227,620
-30%
Net assets
2023
2024
Change
Net assets
+$61,246,304
+$54,474,133
-11%
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