PHILLIPS FUNDAMENTAL LEARNING CENTER INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$20,730,549
Property, Plant, & Equipment (net)
93%
Cash & Equivalents
5%
Receivables (Non-Related)
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$210,989
Deferred Revenue
47%
Payables & Accruals
31%
Other Liabilities
23%
Grants Payable
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
$2,066,847
$1,102,856
-47%
Receivables (Non-Related)
$113,504
$140,481
+24%
Related-Party Receivables
-
-
-
Inventories
$60,604
$64,495
+6%
Prepaid Expenses
$1,926
$45,647
+2270%
Investments
-
-
-
Property, Plant, & Equipment (net)
$15,291,728
$19,377,070
+27%
Other Assets
-
-
-
Total Assets
$17,534,609
$20,730,549
+18%
Liabilities
2023
2024
Change
Payables & Accruals
$1,839,516
$64,444
-96%
Grants Payable
-
-
-
Deferred Revenue
$177,212
$98,245
-45%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$48,300
-
Total Liabilities
$2,016,728
$210,989
-90%
Net assets
2023
2024
Change
Restricted Net Assets
$470,334
$566,580
+20%
Unrestricted Net Assets
$15,047,547
$19,952,980
+33%
Net assets
2023
2024
Change
Net assets
+$15,517,881
+$20,519,560
+32%
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