KIPP Minnesota
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,229,364
Cash & Equivalents
50%
Other Assets
25%
Receivables (Non-Related)
23%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$7,240,499
Other Liabilities
85%
Notes Payable / Debt (Non-Related)
8%
Payables & Accruals
5%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,183,266
$3,579,848
+12%
Receivables (Non-Related)
$1,898,100
$1,633,921
-14%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$128,120
$21,576
-83%
Investments
-
-
-
Property, Plant, & Equipment (net)
$184,251
$162,770
-12%
Other Assets
$3,079,900
$1,831,249
-41%
Total Assets
$8,473,637
$7,229,364
-15%
Liabilities
2023
2024
Change
Payables & Accruals
$901,872
$359,929
-60%
Grants Payable
-
-
-
Deferred Revenue
$33,132
$121,324
+266%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$300,000
$600,000
+100%
Related-Party Payables
-
-
-
Other Liabilities
$9,700,269
$6,159,246
-37%
Total Liabilities
$10,935,273
$7,240,499
-34%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
-$2,461,636
-$11,135
+100%
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