WORLD OCEAN SCHOOL
WORLD OCEAN SCHOOL
WORLD OCEAN SCHOOL
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,984,135
Property, Plant, & Equipment (net)
89%
Receivables (Non-Related)
7%
Other Assets
2%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,785,707
Notes Payable / Debt (Non-Related)
70%
Deferred Revenue
14%
Other Liabilities
10%
Payables & Accruals
7%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$21,123
$49,912
+136%
Receivables (Non-Related)
$75,957
$194,793
+156%
Related-Party Receivables
-
-
-
Inventories
$4,560
-
-
Prepaid Expenses
$4,744
$9,304
+96%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,780,764
$2,662,524
-4%
Other Assets
$89,569
$67,602
-25%
Total Assets
$2,976,717
$2,984,135
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$210,718
$121,606
-42%
Grants Payable
-
-
-
Deferred Revenue
$304,948
$242,974
-20%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,136,725
$1,243,229
+9%
Related-Party Payables
-
-
-
Other Liabilities
$248,654
$177,898
-28%
Total Liabilities
$1,901,045
$1,785,707
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$1,047,263
$299,428
-71%
Unrestricted Net Assets
$28,409
$899,000
+3064%
Net assets
2023
2024
Change
Net assets
+$1,075,672
+$1,198,428
+11%
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