SYNERGY ACADEMIES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$29,625,844
Cash & Equivalents
49%
Investments
34%
Receivables (Non-Related)
16%
Prepaid Expenses
1%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$6,441,787
Deferred Revenue
66%
Payables & Accruals
27%
Other Liabilities
7%
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
$20,181,050
$14,379,342
-29%
Receivables (Non-Related)
$4,943,163
$4,728,311
-4%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$761,137
$351,409
-54%
Investments
$2,450,875
$9,951,011
+306%
Property, Plant, & Equipment (net)
$8,158
$20,523
+152%
Other Assets
$270,097
$195,248
-28%
Total Assets
$28,614,480
$29,625,844
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$2,572,217
$1,762,364
-31%
Grants Payable
-
-
-
Deferred Revenue
$3,965,975
$4,239,125
+7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$480,484
$440,298
-8%
Total Liabilities
$7,018,676
$6,441,787
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$58,286
$102,473
+76%
Unrestricted Net Assets
$21,537,518
$23,081,584
+7%
Net assets
2023
2024
Change
Net assets
+$21,595,804
+$23,184,057
+7%
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