THE ACADEMY OF THE NEW CHURCH
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$419,115,036
Investments
67%
Property, Plant, & Equipment (net)
32%
Cash & Equivalents
1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
<1%
Other Assets
0%
Liabilities in 2024 (Year End)
$14,745,218
Other Liabilities
89%
Payables & Accruals
8%
Deferred Revenue
2%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,845,679
$4,243,171
-12%
Receivables (Non-Related)
$1,803,498
$2,048,538
+14%
Related-Party Receivables
$36,808
$59,775
+62%
Inventories
$108,137
$123,887
+15%
Prepaid Expenses
$408,417
$365,393
-11%
Investments
$292,891,694
$278,803,257
-5%
Property, Plant, & Equipment (net)
$136,086,457
$133,471,015
-2%
Other Assets
-
-
-
Total Assets
$436,180,690
$419,115,036
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$1,239,105
$1,138,581
-8%
Grants Payable
-
-
-
Deferred Revenue
$362,962
$314,328
-13%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$101,406
$126,925
+25%
Notes Payable / Debt (Non-Related)
$31,040,013
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
$14,796,301
$13,165,384
-11%
Total Liabilities
$47,539,787
$14,745,218
-69%
Net assets
2023
2024
Change
Restricted Net Assets
$199,643,181
$207,543,609
+4%
Unrestricted Net Assets
$188,997,722
$196,826,209
+4%
Net assets
2023
2024
Change
Net assets
+$388,640,903
+$404,369,818
+4%
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