CORNERSTONE CHRISTIAN ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,997,391
Cash & Equivalents
76%
Property, Plant, & Equipment (net)
22%
Receivables (Non-Related)
2%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$490,273
Notes Payable / Debt (Non-Related)
66%
Deferred Revenue
29%
Payables & Accruals
5%
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
$2,366,210
$2,290,702
-3%
Receivables (Non-Related)
$2,426,804
$44,997
-98%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$82,388
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$548,026
$661,692
+21%
Other Assets
-
-
-
Total Assets
$5,423,428
$2,997,391
-45%
Liabilities
2023
2024
Change
Payables & Accruals
$37,039
$24,057
-35%
Grants Payable
-
-
-
Deferred Revenue
$2,658,841
$142,267
-95%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$348,027
$323,949
-7%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$3,043,907
$490,273
-84%
Net assets
2023
2024
Change
Restricted Net Assets
-
$14,675
-
Unrestricted Net Assets
$2,379,521
$2,492,443
+5%
Net assets
2023
2024
Change
Net assets
+$2,379,521
+$2,507,118
+5%
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