Wilmington College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$123,554,082
Investments
53%
Property, Plant, & Equipment (net)
36%
Other Assets
5%
Receivables (Non-Related)
3%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$21,925,023
Notes Payable / Debt (Non-Related)
77%
Other Liabilities
9%
Deferred Revenue
7%
Payables & Accruals
7%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,957,220
$2,927,981
-51%
Receivables (Non-Related)
$3,425,802
$3,151,226
-8%
Related-Party Receivables
$0
$0
-
Inventories
$50,910
$50,910
+0%
Prepaid Expenses
$580,762
$774,624
+33%
Investments
$64,495,074
$65,509,443
+2%
Property, Plant, & Equipment (net)
$44,282,915
$44,719,104
+1%
Other Assets
$5,925,846
$6,420,794
+8%
Total Assets
$124,718,529
$123,554,082
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$1,305,837
$1,503,115
+15%
Grants Payable
$0
$0
-
Deferred Revenue
$1,734,476
$1,554,361
-10%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$17,572,272
$16,877,746
-4%
Related-Party Payables
$0
$0
-
Other Liabilities
$2,273,910
$1,989,801
-12%
Total Liabilities
$22,886,495
$21,925,023
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$56,540,638
$59,726,593
+6%
Unrestricted Net Assets
$45,291,396
$41,902,466
-7%
Net assets
2023
2024
Change
Net assets
+$101,832,034
+$101,629,059
0%
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