EMPOWER SCHOOLS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$5,853,499
Cash & Equivalents
74%
Receivables (Non-Related)
26%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$536,521
Payables & Accruals
67%
Deferred Revenue
33%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,316,256
$4,316,402
+0%
Receivables (Non-Related)
$1,663,723
$1,531,700
-8%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$25,716
$5,397
-79%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$6,005,695
$5,853,499
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$498,122
$358,016
-28%
Grants Payable
-
-
-
Deferred Revenue
$300,968
$178,505
-41%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$799,090
$536,521
-33%
Net assets
2023
2024
Change
Restricted Net Assets
$316,154
$697,306
+121%
Unrestricted Net Assets
$4,890,451
$4,619,672
-6%
Net assets
2023
2024
Change
Net assets
+$5,206,605
+$5,316,978
+2%
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