THE SHARON ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$4,902,855
Property, Plant, & Equipment (net)
44%
Investments
26%
Cash & Equivalents
26%
Receivables (Non-Related)
3%
Other Assets
2%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$559,056
Payables & Accruals
49%
Notes Payable / Debt (Non-Related)
35%
Other Liabilities
15%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,610,336
$1,274,190
-21%
Receivables (Non-Related)
$103,423
$126,720
+23%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$1,173,924
$1,276,453
+9%
Property, Plant, & Equipment (net)
$2,147,915
$2,139,096
0%
Other Assets
$113,534
$86,396
-24%
Total Assets
$5,149,132
$4,902,855
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$239,560
$275,131
+15%
Grants Payable
-
-
-
Deferred Revenue
$550
$550
+0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$246,025
$196,979
-20%
Related-Party Payables
-
-
-
Other Liabilities
$113,534
$86,396
-24%
Total Liabilities
$599,669
$559,056
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$1,586,558
$1,549,557
-2%
Unrestricted Net Assets
$2,962,905
$2,794,242
-6%
Net assets
2023
2024
Change
Net assets
+$4,549,463
+$4,343,799
-5%
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