RIDGEFIELD ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$40,090,718
Investments
29%
Property, Plant, & Equipment (net)
27%
Cash & Equivalents
24%
Receivables (Non-Related)
18%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$23,372,976
Deferred Revenue
59%
Tax-Exempt Bond Liabilities
31%
Payables & Accruals
5%
Other Liabilities
3%
Notes Payable / Debt (Non-Related)
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$9,044,080
$9,530,125
+5%
Receivables (Non-Related)
$6,496,897
$7,227,653
+11%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$103,267
$97,590
-5%
Investments
$9,968,814
$11,643,277
+17%
Property, Plant, & Equipment (net)
$11,083,281
$10,857,189
-2%
Other Assets
$1,137,964
$734,884
-35%
Total Assets
$37,834,303
$40,090,718
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$968,803
$1,123,778
+16%
Grants Payable
-
-
-
Deferred Revenue
$13,338,126
$13,855,195
+4%
Tax-Exempt Bond Liabilities
$7,270,463
$7,275,986
+0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$698,233
$430,649
-38%
Related-Party Payables
-
-
-
Other Liabilities
$1,093,837
$687,368
-37%
Total Liabilities
$23,369,462
$23,372,976
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$2,320,911
$3,227,198
+39%
Unrestricted Net Assets
$12,143,930
$13,490,544
+11%
Net assets
2023
2024
Change
Net assets
+$14,464,841
+$16,717,742
+16%
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