CORNERSTONE CHRISTIAN ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,401,359
Investments
72%
Receivables (Non-Related)
11%
Property, Plant, & Equipment (net)
8%
Cash & Equivalents
7%
Other Assets
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$329,766
Payables & Accruals
73%
Other Liabilities
26%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,117,480
$548,197
-51%
Receivables (Non-Related)
$1,810,238
$833,704
-54%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,560
$18,454
+116%
Investments
$4,537,519
$5,347,442
+18%
Property, Plant, & Equipment (net)
$508,357
$563,187
+11%
Other Assets
-
$90,375
-
Total Assets
$7,982,154
$7,401,359
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$229,768
$242,237
+5%
Grants Payable
-
-
-
Deferred Revenue
-
$2,000
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$85,529
-
Total Liabilities
$229,768
$329,766
+44%
Net assets
2023
2024
Change
Restricted Net Assets
$6,497,290
$5,751,090
-11%
Unrestricted Net Assets
$1,255,096
$1,320,503
+5%
Net assets
2023
2024
Change
Net assets
+$7,752,386
+$7,071,593
-9%
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