GRACE CHURCH SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$189,590,592
Other Assets
42%
Property, Plant, & Equipment (net)
26%
Investments
24%
Cash & Equivalents
6%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$163,602,030
Other Liabilities
59%
Tax-Exempt Bond Liabilities
24%
Deferred Revenue
14%
Payables & Accruals
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,078,146
$11,349,318
-13%
Receivables (Non-Related)
$3,389,904
$3,225,936
-5%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$280,918
$191,086
-32%
Investments
$42,352,362
$46,426,626
+10%
Property, Plant, & Equipment (net)
$50,449,730
$49,435,140
-2%
Other Assets
$81,293,477
$78,962,486
-3%
Total Assets
$190,844,537
$189,590,592
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$5,436,490
$4,402,232
-19%
Grants Payable
-
-
-
Deferred Revenue
$20,554,885
$22,328,161
+9%
Tax-Exempt Bond Liabilities
$41,465,159
$40,009,074
-4%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$98,388,720
$96,862,563
-2%
Total Liabilities
$165,845,254
$163,602,030
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$9,340,747
$9,509,559
+2%
Unrestricted Net Assets
$15,658,536
$16,479,003
+5%
Net assets
2023
2024
Change
Net assets
+$24,999,283
+$25,988,562
+4%
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