WESLEY BIBLICAL SEMINARY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,663,952
Investments
49%
Cash & Equivalents
21%
Receivables (Non-Related)
20%
Property, Plant, & Equipment (net)
10%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$122,177
Deferred Revenue
65%
Payables & Accruals
32%
Other Liabilities
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,658,121
$1,572,042
-5%
Receivables (Non-Related)
$1,714,779
$1,550,173
-10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,199
$6,973
-15%
Investments
$2,432,003
$3,786,479
+56%
Property, Plant, & Equipment (net)
$794,766
$745,766
-6%
Other Assets
$2,519
$2,519
+0%
Total Assets
$6,610,387
$7,663,952
+16%
Liabilities
2023
2024
Change
Payables & Accruals
$46,720
$39,367
-16%
Grants Payable
-
-
-
Deferred Revenue
$77,423
$79,809
+3%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,058
$3,001
-2%
Total Liabilities
$127,201
$122,177
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$4,722,801
$5,609,220
+19%
Unrestricted Net Assets
$1,760,385
$1,932,555
+10%
Net assets
2023
2024
Change
Net assets
+$6,483,186
+$7,541,775
+16%
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