NORTH CAROLINA WESLEYAN COLLEGE INC
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2025 (Year End)
$65,927,699
Property, Plant, & Equipment (net)
63%
Investments
25%
Other Assets
6%
Receivables (Non-Related)
4%
Prepaid Expenses
1%
Cash & Equivalents
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$26,711,669
Notes Payable / Debt (Non-Related)
59%
Payables & Accruals
15%
Other Liabilities
13%
Deferred Revenue
8%
Related-Party Payables
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$2,154,119
$263,286
-88%
Receivables (Non-Related)
$2,440,695
$2,368,369
-3%
Related-Party Receivables
-
-
-
Inventories
$104,829
$104,829
+0%
Prepaid Expenses
$651,951
$926,649
+42%
Investments
$15,101,600
$16,615,511
+10%
Property, Plant, & Equipment (net)
$41,658,794
$41,768,468
+0%
Other Assets
$3,952,059
$3,880,587
-2%
Total Assets
$66,064,047
$65,927,699
0%
Liabilities
2024
2025
Change
Payables & Accruals
$2,969,260
$4,024,150
+36%
Grants Payable
-
-
-
Deferred Revenue
$2,346,009
$2,235,312
-5%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$14,664,919
$15,804,446
+8%
Related-Party Payables
-
$1,179,871
-
Other Liabilities
$3,486,537
$3,467,890
-1%
Total Liabilities
$23,466,725
$26,711,669
+14%
Net assets
2024
2025
Change
Restricted Net Assets
$13,528,289
$14,105,307
+4%
Unrestricted Net Assets
$29,069,033
$25,110,723
-14%
Net assets
2024
2025
Change
Net assets
+$42,597,322
+$39,216,030
-8%
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