THE NORWICH FREE ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$46,218,113
Property, Plant, & Equipment (net)
56%
Cash & Equivalents
17%
Other Assets
17%
Investments
8%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$6,564,527
Other Liabilities
52%
Payables & Accruals
32%
Deferred Revenue
16%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,946,768
$7,977,488
+0%
Receivables (Non-Related)
$632,094
$960,101
+52%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$82,836
-
Investments
$3,719,760
$3,792,546
+2%
Property, Plant, & Equipment (net)
$27,389,186
$25,716,860
-6%
Other Assets
$7,461,689
$7,688,282
+3%
Total Assets
$47,149,497
$46,218,113
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,894,295
$2,107,250
+11%
Grants Payable
-
-
-
Deferred Revenue
$553,833
$1,054,661
+90%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$4,418,596
$3,402,616
-23%
Total Liabilities
$6,866,724
$6,564,527
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$2,834,686
$3,715,865
+31%
Unrestricted Net Assets
$37,448,087
$35,937,721
-4%
Net assets
2023
2024
Change
Net assets
+$40,282,773
+$39,653,586
-2%
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