Smith Mt Lake Christian Academy Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$2,820,890
Cash & Equivalents
51%
Property, Plant, & Equipment (net)
48%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$1,514,031
Deferred Revenue
47%
Notes Payable / Debt (Non-Related)
37%
Other Liabilities
13%
Payables & Accruals
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,691,368
$1,441,421
-15%
Receivables (Non-Related)
$13,399
$13,399
+0%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$20,638
$20,638
+0%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,421,041
$1,345,432
-5%
Other Assets
-
-
-
Total Assets
$3,146,446
$2,820,890
-10%
Liabilities
2024
2025
Change
Payables & Accruals
$42,906
$37,066
-14%
Grants Payable
-
-
-
Deferred Revenue
$670,871
$712,644
+6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$592,360
$565,768
-4%
Related-Party Payables
-
-
-
Other Liabilities
$270,650
$198,553
-27%
Total Liabilities
$1,576,787
$1,514,031
-4%
Net assets
2024
2025
Change
Restricted Net Assets
$1,569,659
$1,306,859
-17%
Unrestricted Net Assets
-
-
-
Net assets
2024
2025
Change
Net assets
+$1,569,659
+$1,306,859
-17%
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