GLOBAL ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$4,501,357
Other Assets
29%
Cash & Equivalents
27%
Receivables (Non-Related)
26%
Property, Plant, & Equipment (net)
18%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,376,216
Other Liabilities
90%
Payables & Accruals
10%
Grants Payable
0%
Deferred Revenue
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
$1,112,718
$1,201,219
+8%
Receivables (Non-Related)
$869,026
$1,179,750
+36%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$59,126
$15,462
-74%
Investments
-
-
-
Property, Plant, & Equipment (net)
$696,078
$809,790
+16%
Other Assets
$1,757,646
$1,295,136
-26%
Total Assets
$4,494,594
$4,501,357
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$469,995
$559,284
+19%
Grants Payable
-
-
-
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
-
-
-
Other Liabilities
$5,909,929
$4,816,932
-18%
Total Liabilities
$6,379,924
$5,376,216
-16%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
-$1,885,330
-$874,859
+54%
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