THE MAGELLAN SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$54,649,347
Property, Plant, & Equipment (net)
77%
Cash & Equivalents
16%
Receivables (Non-Related)
4%
Investments
2%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$49,101,573
Tax-Exempt Bond Liabilities
92%
Deferred Revenue
6%
Payables & Accruals
2%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$14,455,836
$8,790,678
-39%
Receivables (Non-Related)
$1,166,957
$2,100,626
+80%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$84,497
$324,281
+284%
Investments
$7,650,101
$883,049
-88%
Property, Plant, & Equipment (net)
$31,906,016
$42,222,173
+32%
Other Assets
$1,245,385
$328,540
-74%
Total Assets
$56,508,792
$54,649,347
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,878,555
$1,187,377
-37%
Grants Payable
-
-
-
Deferred Revenue
$2,858,072
$2,910,382
+2%
Tax-Exempt Bond Liabilities
$44,931,700
$44,972,958
+0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,091,073
$30,856
-97%
Total Liabilities
$50,759,400
$49,101,573
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$1,200,354
$2,439,408
+103%
Unrestricted Net Assets
$4,549,038
$3,108,366
-32%
Net assets
2023
2024
Change
Net assets
+$5,749,392
+$5,547,774
-4%
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