LIBERTY CHRISTIAN ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$10,679,108
Property, Plant, & Equipment (net)
81%
Cash & Equivalents
18%
Other Assets
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,121,797
Notes Payable / Debt (Non-Related)
95%
Deferred Revenue
4%
Payables & Accruals
<1%
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
$1,498,639
$1,957,353
+31%
Receivables (Non-Related)
$11,995
$14,918
+24%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$8,869,516
$8,684,077
-2%
Other Assets
$25,690
$22,760
-11%
Total Assets
$10,405,840
$10,679,108
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$37,545
$47,225
+26%
Grants Payable
-
-
-
Deferred Revenue
-
$188,174
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,278,602
$4,886,398
-7%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$5,316,147
$5,121,797
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$207,562
$396,891
+91%
Unrestricted Net Assets
$4,882,131
$5,160,420
+6%
Net assets
2023
2024
Change
Net assets
+$5,089,693
+$5,557,311
+9%
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