VALLEY FORGE MILITARY ACADEMY FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$45,718,541
Property, Plant, & Equipment (net)
40%
Other Assets
29%
Investments
18%
Receivables (Non-Related)
10%
Prepaid Expenses
3%
Cash & Equivalents
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$10,827,183
Notes Payable / Debt (Non-Related)
53%
Payables & Accruals
27%
Deferred Revenue
15%
Related-Party Payables
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,375,363
$329,010
-86%
Receivables (Non-Related)
$5,314,115
$4,544,478
-14%
Related-Party Receivables
-
-
-
Inventories
$81,743
$100,944
+23%
Prepaid Expenses
$1,033,785
$1,152,299
+11%
Investments
$8,289,521
$8,358,460
+1%
Property, Plant, & Equipment (net)
$15,394,064
$18,079,943
+17%
Other Assets
$11,222,194
$13,153,407
+17%
Total Assets
$43,710,785
$45,718,541
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$4,360,297
$2,878,633
-34%
Grants Payable
-
-
-
Deferred Revenue
$1,661,221
$1,625,969
-2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,117,132
$5,722,581
+84%
Related-Party Payables
$600,000
$600,000
+0%
Other Liabilities
$880,440
$0
-100%
Total Liabilities
$10,619,090
$10,827,183
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$23,935,450
$26,326,367
+10%
Unrestricted Net Assets
$9,156,245
$8,564,991
-6%
Net assets
2023
2024
Change
Net assets
+$33,091,695
+$34,891,358
+5%
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