VIRGINIA WESLEYAN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$249,665,547
Investments
56%
Property, Plant, & Equipment (net)
36%
Receivables (Non-Related)
5%
Other Assets
2%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$34,254,284
Tax-Exempt Bond Liabilities
81%
Payables & Accruals
10%
Deferred Revenue
8%
Other Liabilities
<1%
Grants Payable
<1%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,213,284
$2,464,882
-60%
Receivables (Non-Related)
$11,417,592
$11,317,101
-1%
Related-Party Receivables
-
-
-
Inventories
$66,212
$54,933
-17%
Prepaid Expenses
$1,334,926
$1,107,734
-17%
Investments
$120,695,472
$139,097,184
+15%
Property, Plant, & Equipment (net)
$82,801,769
$90,780,146
+10%
Other Assets
$4,526,626
$4,843,567
+7%
Total Assets
$227,055,881
$249,665,547
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$2,616,569
$3,265,515
+25%
Grants Payable
$361,365
$104,666
-71%
Deferred Revenue
$3,032,150
$2,842,722
-6%
Tax-Exempt Bond Liabilities
$29,269,645
$27,724,824
-5%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$326,214
$316,557
-3%
Total Liabilities
$35,605,943
$34,254,284
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$135,419,503
$154,623,883
+14%
Unrestricted Net Assets
$56,030,435
$60,787,380
+8%
Net assets
2023
2024
Change
Net assets
+$191,449,938
+$215,411,263
+13%
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