FAMILY LIFE ACADEMY CHARTER SCHOOLS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$115,204,279
Other Assets
68%
Cash & Equivalents
22%
Prepaid Expenses
4%
Property, Plant, & Equipment (net)
4%
Receivables (Non-Related)
3%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$85,595,140
Other Liabilities
93%
Payables & Accruals
6%
Deferred Revenue
<1%
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
$16,743,857
$24,829,207
+48%
Receivables (Non-Related)
$10,824,698
$3,374,670
-69%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$550,163
$4,871,331
+785%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,768,042
$4,087,289
+8%
Other Assets
$89,484,607
$78,041,782
-13%
Total Assets
$121,371,367
$115,204,279
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$3,580,555
$5,316,456
+48%
Grants Payable
-
-
-
Deferred Revenue
$248,572
$440,348
+77%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
-
-
-
Other Liabilities
$90,869,051
$79,838,336
-12%
Total Liabilities
$94,698,178
$85,595,140
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$302,808
$112,465
-63%
Unrestricted Net Assets
$26,370,381
$29,496,674
+12%
Net assets
2023
2024
Change
Net assets
+$26,673,189
+$29,609,139
+11%
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