THE KOINONIA ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$5,974,257
Property, Plant, & Equipment (net)
78%
Cash & Equivalents
22%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$465,367
Notes Payable / Debt (Non-Related)
70%
Deferred Revenue
24%
Payables & Accruals
5%
Other Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,368,806
$1,316,104
-4%
Receivables (Non-Related)
$3,370
$12,952
+284%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$35,701
$1,527
-96%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,575,990
$4,643,574
+80%
Other Assets
$2,064,242
$100
-100%
Total Assets
$6,048,109
$5,974,257
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$20,266
$22,882
+13%
Grants Payable
-
-
-
Deferred Revenue
$145,085
$110,479
-24%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$345,862
$326,915
-5%
Related-Party Payables
-
-
-
Other Liabilities
$3,498
$5,091
+46%
Total Liabilities
$514,711
$465,367
-10%
Net assets
2023
2024
Change
Restricted Net Assets
-
$40,043
-
Unrestricted Net Assets
$5,533,398
$5,468,847
-1%
Net assets
2023
2024
Change
Net assets
+$5,533,398
+$5,508,890
0%
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