SEEDS OF FAITH CHRISTIAN ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$327,444
Property, Plant, & Equipment (net)
68%
Cash & Equivalents
31%
Receivables (Non-Related)
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$78,688
Notes Payable / Debt (Non-Related)
74%
Payables & Accruals
16%
Deferred Revenue
8%
Other Liabilities
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$202,285
$102,059
-50%
Receivables (Non-Related)
$0
$4,251
-
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$0
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$214,431
$221,134
+3%
Other Assets
$0
$0
-
Total Assets
$416,716
$327,444
-21%
Liabilities
2024
2025
Change
Payables & Accruals
$8,492
$12,622
+49%
Grants Payable
$0
$0
-
Deferred Revenue
$16,220
$6,524
-60%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$66,971
$58,072
-13%
Related-Party Payables
$0
$0
-
Other Liabilities
$1,825
$1,470
-19%
Total Liabilities
$93,508
$78,688
-16%
Net assets
2024
2025
Change
Restricted Net Assets
$266,344
$208,242
-22%
Unrestricted Net Assets
$56,864
$40,514
-29%
Net assets
2024
2025
Change
Net assets
+$323,208
+$248,756
-23%
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