KIPP BAY AREA SCHOOLS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$304,784,274
Other Assets
32%
Investments
24%
Receivables (Non-Related)
20%
Cash & Equivalents
17%
Property, Plant, & Equipment (net)
7%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$118,261,230
Other Liabilities
83%
Payables & Accruals
10%
Deferred Revenue
4%
Notes Payable / Debt (Non-Related)
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$57,470,457
$52,631,028
-8%
Receivables (Non-Related)
$66,563,954
$60,741,920
-9%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,969,498
$1,984,243
+1%
Investments
$68,688,325
$72,160,746
+5%
Property, Plant, & Equipment (net)
$20,427,311
$20,331,416
0%
Other Assets
$99,616,176
$96,934,921
-3%
Total Assets
$314,735,721
$304,784,274
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$20,941,577
$11,957,409
-43%
Grants Payable
-
-
-
Deferred Revenue
$14,938,592
$5,164,226
-65%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,374,028
$3,234,288
-4%
Related-Party Payables
-
-
-
Other Liabilities
$100,501,813
$97,905,307
-3%
Total Liabilities
$139,756,010
$118,261,230
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$12,323,340
$14,623,571
+19%
Unrestricted Net Assets
$162,656,371
$171,899,473
+6%
Net assets
2023
2024
Change
Net assets
+$174,979,711
+$186,523,044
+7%
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