THE AVALON ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$12,820,470
Other Assets
54%
Receivables (Non-Related)
24%
Investments
9%
Cash & Equivalents
6%
Related-Party Receivables
4%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
<1%
Inventories
0%
Liabilities in 2024 (Year End)
$6,992,767
Other Liabilities
98%
Payables & Accruals
2%
Grants Payable
0%
Deferred Revenue
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
$481,083
$816,226
+70%
Receivables (Non-Related)
$2,624,636
$3,059,782
+17%
Related-Party Receivables
$500,000
$500,000
+0%
Inventories
-
-
-
Prepaid Expenses
$88,340
$76,486
-13%
Investments
$1,243,768
$1,128,605
-9%
Property, Plant, & Equipment (net)
$61,521
$272,369
+343%
Other Assets
$90,902
$6,967,002
+7564%
Total Assets
$5,090,250
$12,820,470
+152%
Liabilities
2023
2024
Change
Payables & Accruals
$82,492
$116,667
+41%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$6,876,100
-
Total Liabilities
$82,492
$6,992,767
+8377%
Net assets
2023
2024
Change
Restricted Net Assets
$2,338,593
$2,753,832
+18%
Unrestricted Net Assets
$2,669,165
$3,073,871
+15%
Net assets
2023
2024
Change
Net assets
+$5,007,758
+$5,827,703
+16%
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