GATEWAY ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$11,971,417
Property, Plant, & Equipment (net)
69%
Cash & Equivalents
13%
Other Assets
11%
Receivables (Non-Related)
7%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2025 (Year End)
$10,227,074
Tax-Exempt Bond Liabilities
90%
Related-Party Payables
6%
Payables & Accruals
4%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,728,047
$1,527,832
-12%
Receivables (Non-Related)
$362
$895,674
+247324%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$34,119
$7,429
-78%
Investments
-
-
-
Property, Plant, & Equipment (net)
$8,215,594
$8,235,334
+0%
Other Assets
$1,256,903
$1,305,148
+4%
Total Assets
$11,235,025
$11,971,417
+7%
Liabilities
2024
2025
Change
Payables & Accruals
$346,838
$415,038
+20%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
$9,341,706
$9,196,345
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$665,019
$615,691
-7%
Other Liabilities
-
-
-
Total Liabilities
$10,353,563
$10,227,074
-1%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$881,462
$1,744,343
+98%
Net assets
2024
2025
Change
Net assets
+$881,462
+$1,744,343
+98%
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