TORAH ACADEMY OF BERGEN COUNTY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$14,211,758
Property, Plant, & Equipment (net)
67%
Receivables (Non-Related)
16%
Cash & Equivalents
16%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$7,294,273
Notes Payable / Debt (Non-Related)
76%
Payables & Accruals
14%
Deferred Revenue
10%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,494,169
$2,280,185
+53%
Receivables (Non-Related)
$377,651
$2,341,528
+520%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$9,827,021
$9,516,011
-3%
Other Assets
$914,047
$74,034
-92%
Total Assets
$12,612,888
$14,211,758
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$900,312
$1,046,637
+16%
Grants Payable
-
-
-
Deferred Revenue
$587,686
$711,541
+21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,673,850
$5,536,095
-2%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$7,161,848
$7,294,273
+2%
Net assets
2023
2024
Change
Restricted Net Assets
-
$1,624,256
-
Unrestricted Net Assets
$5,451,040
$5,293,229
-3%
Net assets
2023
2024
Change
Net assets
+$5,451,040
+$6,917,485
+27%
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