THE MASTER'S SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,975,153
Property, Plant, & Equipment (net)
77%
Other Assets
9%
Investments
7%
Cash & Equivalents
6%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,669,367
Notes Payable / Debt (Non-Related)
63%
Payables & Accruals
23%
Deferred Revenue
14%
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
$187,460
$192,706
+3%
Receivables (Non-Related)
$12,602
$20,818
+65%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,639
$5,322
-38%
Investments
$63,886
$195,924
+207%
Property, Plant, & Equipment (net)
$2,444,742
$2,295,634
-6%
Other Assets
$916,188
$264,749
-71%
Total Assets
$3,633,517
$2,975,153
-18%
Liabilities
2023
2024
Change
Payables & Accruals
$429,825
$389,730
-9%
Grants Payable
-
-
-
Deferred Revenue
$269,976
$226,186
-16%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,142,399
$1,053,451
-8%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,842,200
$1,669,367
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$326,924
$331,343
+1%
Unrestricted Net Assets
$1,464,393
$974,443
-33%
Net assets
2023
2024
Change
Net assets
+$1,791,317
+$1,305,786
-27%
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