SOUTH KENT SCHOOL CORPORATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$38,383,385
Property, Plant, & Equipment (net)
41%
Investments
33%
Receivables (Non-Related)
18%
Cash & Equivalents
4%
Prepaid Expenses
3%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$17,909,466
Notes Payable / Debt (Non-Related)
61%
Deferred Revenue
30%
Other Liabilities
6%
Payables & Accruals
3%
Grants Payable
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,303,796
$1,596,266
-31%
Receivables (Non-Related)
$3,309,701
$6,960,773
+110%
Related-Party Receivables
-
-
-
Inventories
$74,817
$80,375
+7%
Prepaid Expenses
$1,089,534
$1,033,023
-5%
Investments
$12,547,657
$12,663,723
+1%
Property, Plant, & Equipment (net)
$16,702,438
$15,858,291
-5%
Other Assets
$174,346
$190,934
+10%
Total Assets
$36,202,289
$38,383,385
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$451,765
$500,377
+11%
Grants Payable
$60,800
$45,600
-25%
Deferred Revenue
$4,488,515
$5,449,145
+21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$11,261,536
$10,923,481
-3%
Related-Party Payables
-
-
-
Other Liabilities
$935,045
$990,863
+6%
Total Liabilities
$17,197,661
$17,909,466
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$9,700,465
$13,854,406
+43%
Unrestricted Net Assets
$9,304,163
$6,619,513
-29%
Net assets
2023
2024
Change
Net assets
+$19,004,628
+$20,473,919
+8%
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