PROMISE ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$3,749,890
Property, Plant, & Equipment (net)
44%
Other Assets
35%
Related-Party Receivables
6%
Receivables (Non-Related)
6%
Cash & Equivalents
5%
Investments
3%
Prepaid Expenses
<1%
Inventories
0%
Liabilities in 2025 (Year End)
$876,637
Notes Payable / Debt (Non-Related)
60%
Payables & Accruals
21%
Other Liabilities
19%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$354,672
$203,172
-43%
Receivables (Non-Related)
$575,391
$223,692
-61%
Related-Party Receivables
-
$231,534
-
Inventories
-
-
-
Prepaid Expenses
$50,809
$3,350
-93%
Investments
$108,725
$128,254
+18%
Property, Plant, & Equipment (net)
$1,808,270
$1,635,131
-10%
Other Assets
$1,296,506
$1,324,757
+2%
Total Assets
$4,194,373
$3,749,890
-11%
Liabilities
2024
2025
Change
Payables & Accruals
$423,168
$187,648
-56%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$435,846
$522,048
+20%
Related-Party Payables
-
-
-
Other Liabilities
$234,945
$166,941
-29%
Total Liabilities
$1,093,959
$876,637
-20%
Net assets
2024
2025
Change
Restricted Net Assets
$730,901
$996,412
+36%
Unrestricted Net Assets
$2,369,513
$1,876,841
-21%
Net assets
2024
2025
Change
Net assets
+$3,100,414
+$2,873,253
-7%
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