Financial Picture

Financial Picture

Wagner College ended its fiscal year 2013-14 with a balanced budget, and we are optimistic about the prospects for continued improvement. Wagner continues to grow its investments, closing the fiscal year with investments totaling $84.5 million. As our financial position has strengthened over the past decade, it has allowed us to make strategic financial decisions that will keep Wagner competitive and support continued educational excellence. Additionally, our recent fixing of the interest on all of the College's debt provides us a clearer vision of the institution's viability as we fiscally plan for the future. Wagner has demonstrated the type of management acumen that leads to excellent decision-making, stability, and continued success.

Investment Growth


Net Assets

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, 2014 and August 31, 2013

Assets 2014 2013
Cash and cash equivalents $12,588,182  $13,234,833
Accounts receivable, less allowance for doubtful accounts of $725,000 in 2013 and 2012    $3,464,223     2,777,119
Inventory, prepaid expenses, and other assets     1,354,146        1,145,765
Contributions receivable, net     1,226,364     2,657,627
Mortgage receivable 166,014 -
Notes receivable, less allowance for doubtful loans of $396,000 in 2013 and $307,000 in 2012    2,748,756     2,766,187
Investments  84, 496, 563    74,400, 092
Amounts held by bond trustees   4,655,593     7,450,281
Bond issuance costs     2,253,794    2,403,633
Property, plant, and equipment, net    79,909,358    77,655,445
Total Assets $192,972,993 $184,491,000

Liabilities and Net Assets 2014 2013
Liabilities
Accounts payable and accrued expenses $3,133,065 $4,496,818
Deferred revenue     15,528,231 16,677,814
Student Deposits            432,674 455,930
Amounts held for others          188,659       171,326
Postretirement benefit obligation        93,015        94,085
Capital lease obligation            705,043        -
Other liabilities 2,144,598           2,209,946
Refundable federal grants        2,957,441     2,903,767
Long-term debt    73,071,385    73,290,643
Total Liabilities $98,254,111  $100,300,329
Net Assets
Unrestricted     $24,053,307   $20,665,511
Temporarily restricted      30,342,929       24,650,504
Permanently restricted      40,322,646    38,874,656
Total Net Assets     $94,718,882 $84,190,671
Total Liabilities and Net Assets   $192,972,993
$184,491,000

 Wagner College Revenue and Expenses

Fiscal year ended August 31, 2014RevenueExpenses