FOUNDATION ACADEMY CHARTER SCHOOL
FOUNDATION ACADEMY CHARTER SCHOOL
FOUNDATION ACADEMY CHARTER SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$23,999,152
Cash & Equivalents
41%
Property, Plant, & Equipment (net)
31%
Other Assets
20%
Receivables (Non-Related)
6%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$11,220,205
Other Liabilities
95%
Deferred Revenue
3%
Payables & Accruals
2%
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
$7,968,720
$9,850,762
+24%
Receivables (Non-Related)
$1,255,568
$1,336,469
+6%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$480,000
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$7,533,543
$7,449,271
-1%
Other Assets
$4,598,787
$4,882,650
+6%
Total Assets
$21,356,618
$23,999,152
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$316,659
$183,868
-42%
Grants Payable
-
-
-
Deferred Revenue
$438,191
$322,341
-26%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$10,225,586
$10,713,996
+5%
Total Liabilities
$10,980,436
$11,220,205
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$22,574
$20,359
-10%
Unrestricted Net Assets
$10,353,608
$12,758,588
+23%
Net assets
2023
2024
Change
Net assets
+$10,376,182
+$12,778,947
+23%
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