HOPE ACADEMY CHARTER SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$11,746,615
Property, Plant, & Equipment (net)
57%
Cash & Equivalents
29%
Other Assets
8%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,213,248
Notes Payable / Debt (Non-Related)
74%
Other Liabilities
25%
Payables & Accruals
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,841,392
$3,359,487
-13%
Receivables (Non-Related)
$1,055,979
$742,725
-30%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$20,986
$14,530
-31%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$5,619,737
$6,643,098
+18%
Other Assets
$245,273
$986,775
+302%
Total Assets
$10,783,367
$11,746,615
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$753,907
$42,571
-94%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,027,593
$3,846,444
-4%
Related-Party Payables
-
-
-
Other Liabilities
$674,290
$1,324,233
+96%
Total Liabilities
$5,455,790
$5,213,248
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$10,565
$2,887,357
+27229%
Unrestricted Net Assets
$5,317,012
$3,646,010
-31%
Net assets
2023
2024
Change
Net assets
+$5,327,577
+$6,533,367
+23%
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