LINCOLN ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$24,223,170
Property, Plant, & Equipment (net)
50%
Investments
45%
Cash & Equivalents
3%
Other Assets
2%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$9,409,805
Tax-Exempt Bond Liabilities
76%
Payables & Accruals
10%
Other Liabilities
7%
Deferred Revenue
6%
Custodial & Escrow Liabilities
1%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$454,127
$650,962
+43%
Receivables (Non-Related)
$135,321
$69,319
-49%
Related-Party Receivables
-
-
-
Inventories
$6,582
$6,163
-6%
Prepaid Expenses
$189,732
$155,446
-18%
Investments
$10,931,989
$10,801,113
-1%
Property, Plant, & Equipment (net)
$12,782,817
$12,067,109
-6%
Other Assets
$521,346
$473,058
-9%
Total Assets
$25,021,914
$24,223,170
-3%
Liabilities
2024
2025
Change
Payables & Accruals
$897,028
$907,544
+1%
Grants Payable
-
-
-
Deferred Revenue
$600,933
$541,386
-10%
Tax-Exempt Bond Liabilities
$7,506,562
$7,194,199
-4%
Custodial & Escrow Liabilities
$137,351
$104,960
-24%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$604,093
$661,716
+10%
Total Liabilities
$9,745,967
$9,409,805
-3%
Net assets
2024
2025
Change
Restricted Net Assets
$11,083,512
$10,770,424
-3%
Unrestricted Net Assets
$4,192,435
$4,042,941
-4%
Net assets
2024
2025
Change
Net assets
+$15,275,947
+$14,813,365
-3%
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