GREAT LAKES BOAT BUILDING SCHOOL
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,784,352
Property, Plant, & Equipment (net)
61%
Cash & Equivalents
28%
Receivables (Non-Related)
8%
Inventories
3%
Investments
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,266,521
Notes Payable / Debt (Non-Related)
90%
Payables & Accruals
10%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$862,178
$771,576
-11%
Receivables (Non-Related)
$92,688
$232,380
+151%
Related-Party Receivables
-
-
-
Inventories
$71,443
$79,347
+11%
Prepaid Expenses
$7,733
$4,669
-40%
Investments
-
$9,028
-
Property, Plant, & Equipment (net)
$1,418,221
$1,686,427
+19%
Other Assets
$925
$925
+0%
Total Assets
$2,453,188
$2,784,352
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$65,069
$121,135
+86%
Grants Payable
-
-
-
Deferred Revenue
-
$500
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,087,477
$1,144,886
+5%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,152,546
$1,266,521
+10%
Net assets
2023
2024
Change
Restricted Net Assets
$850,920
$754,986
-11%
Unrestricted Net Assets
$449,722
$762,845
+70%
Net assets
2023
2024
Change
Net assets
+$1,300,642
+$1,517,831
+17%
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