Financial Picture

Financial Picture

Wagner College continues its growth in investments and net assets, closing the 2012–13 fiscal year with investments totaling $74.4 million, and net assets totaling $84.2 million, the highest levels the College has seen. These increases were a result of positive investment returns, sound financial management, and the support of alumni and friends of the College. We had a modest operating surplus for fiscal year 2012–13 and expect similar results for this fiscal year.

Investment Growth

Investment. Growth.Chart


Net Assets

Net.Assets.Chart

Net assets, comparable to corporate equity or net worth, are the sum of an institution's assets, minus its debts.

* Data points reflect end of fiscal year, August 31.

Wagner College Balance Sheets

Fiscal year ended August 31, 2013 and August 31, 2012

Assets 2013 2012
Cash and cash equivalents  $13,234,833  $14,969,058
Accounts receivable, less allowance for doubtful accounts of $725,000 in 2013 and 2012     2,777,119     2,575,521
Inventory, prepaid expenses, and other assets     1,145,765        916,576
Contributions receivable, net     2,657,627     4,921,810
Notes receivable, less allowance for doubtful loans of $396,000 in 2013 and $307,000 in 2012     2,766,175     2,766,187
Investments  74,400,092    69,046,061
Amounts held by bond trustees     7,450,281     3,351,526
Bond issuance costs     2,403,633     1,860,140
Property, plant, and equipment, net    77,655,445    77,758,500
Total Assets $184,491,000 $178,165,379

Liabilities and Net Assets 2013 2012
Liabilities
Accounts payable and accrued expenses $4,496,818 $3,571,223
Deferred revenue      16,677,814  17,326,217
Line of Credit                —       7,000,000
Student deposits          455,930        438,571
Amounts held for others          171,326        207,946
Postretirement benefit obligation            94,085         94,183
Other liabilities        2,209,946     2,526,887
Refundable federal grants        2,903,767     2,737,563
Long-term debt      73,290,643    62,080,872
Total Liabilities  $100,300,329  $95,983,462
Net Assets
Unrestricted     $20,665,511  $19,358,765
Temporarily restricted      24,650,504    25,838,768
Permanently restricted      38,874,656    36,984,384
Total Net Assets     $84,190,671  $82,181,917
Total Liabilities and Net Assets   $184,491,000 $178,165,379

 Wagner College Revenue and Expenses

Fiscal year ended August 31, 2013 Piecharts_2013