WINGATE UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2025 (Year End)
$299,668,007
Property, Plant, & Equipment (net)
53%
Investments
36%
Receivables (Non-Related)
6%
Cash & Equivalents
3%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$90,325,565
Tax-Exempt Bond Liabilities
72%
Notes Payable / Debt (Non-Related)
13%
Payables & Accruals
9%
Deferred Revenue
6%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$14,735,617
$10,282,768
-30%
Receivables (Non-Related)
$14,799,656
$18,566,339
+25%
Related-Party Receivables
$0
$0
-
Inventories
$152,513
$155,144
+2%
Prepaid Expenses
$767,735
$764,749
0%
Investments
$102,452,456
$107,589,763
+5%
Property, Plant, & Equipment (net)
$157,201,542
$157,350,649
+0%
Other Assets
$5,602,456
$4,958,595
-11%
Total Assets
$295,711,975
$299,668,007
+1%
Liabilities
2024
2025
Change
Payables & Accruals
$6,465,982
$7,943,805
+23%
Grants Payable
$0
$0
-
Deferred Revenue
$5,895,643
$5,669,021
-4%
Tax-Exempt Bond Liabilities
$64,836,616
$64,741,810
0%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$14,122,372
$11,970,929
-15%
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$91,320,613
$90,325,565
-1%
Net assets
2024
2025
Change
Restricted Net Assets
$133,432,608
$135,715,662
+2%
Unrestricted Net Assets
$70,958,754
$73,626,780
+4%
Net assets
2024
2025
Change
Net assets
+$204,391,362
+$209,342,442
+2%
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