NEWARK ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$123,655,235
Investments
37%
Property, Plant, & Equipment (net)
32%
Cash & Equivalents
28%
Receivables (Non-Related)
2%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$13,971,486
Deferred Revenue
63%
Payables & Accruals
21%
Other Liabilities
16%
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
$36,113,529
$34,673,491
-4%
Receivables (Non-Related)
$868,124
$2,386,479
+175%
Related-Party Receivables
-
-
-
Inventories
$88,671
$75,843
-14%
Prepaid Expenses
$177,999
$343,329
+93%
Investments
$40,074,515
$45,999,432
+15%
Property, Plant, & Equipment (net)
$35,206,679
$39,280,238
+12%
Other Assets
$526,901
$896,423
+70%
Total Assets
$113,056,418
$123,655,235
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$3,544,058
$2,888,002
-19%
Grants Payable
-
-
-
Deferred Revenue
$7,349,358
$8,789,408
+20%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,335,440
$2,294,076
-2%
Total Liabilities
$13,228,856
$13,971,486
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$41,903,368
$50,451,518
+20%
Unrestricted Net Assets
$57,924,194
$59,232,231
+2%
Net assets
2023
2024
Change
Net assets
+$99,827,562
+$109,683,749
+10%
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