EDUCATION DEVELOPMENT CENTER INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$123,981,044
Cash & Equivalents
57%
Other Assets
21%
Receivables (Non-Related)
15%
Property, Plant, & Equipment (net)
3%
Prepaid Expenses
3%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$55,698,920
Payables & Accruals
48%
Other Liabilities
25%
Deferred Revenue
21%
Notes Payable / Debt (Non-Related)
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$66,409,044
$71,066,914
+7%
Receivables (Non-Related)
$12,780,746
$18,711,123
+46%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$5,185,437
$3,866,239
-25%
Investments
$0
-
-
Property, Plant, & Equipment (net)
$4,934,826
$4,311,685
-13%
Other Assets
$27,601,620
$26,025,083
-6%
Total Assets
$116,911,673
$123,981,044
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$27,366,281
$26,639,000
-3%
Grants Payable
$0
$0
-
Deferred Revenue
$16,042,995
$11,926,000
-26%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$3,614,285
$2,986,143
-17%
Related-Party Payables
$0
$0
-
Other Liabilities
$16,689,428
$14,147,777
-15%
Total Liabilities
$63,712,989
$55,698,920
-13%
Net assets
2023
2024
Change
Restricted Net Assets
$610,568
$704,124
+15%
Unrestricted Net Assets
$52,588,116
$67,578,000
+29%
Net assets
2023
2024
Change
Net assets
+$53,198,684
+$68,282,124
+28%
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