SOPHIA ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,386,386
Investments
48%
Receivables (Non-Related)
23%
Property, Plant, & Equipment (net)
20%
Cash & Equivalents
9%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$110,569
Payables & Accruals
>99%
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%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$778,899
$734,691
-6%
Receivables (Non-Related)
$3,137,919
$1,923,326
-39%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$57,899
$22,506
-61%
Investments
$3,062,899
$4,042,332
+32%
Property, Plant, & Equipment (net)
$1,666,201
$1,663,531
0%
Other Assets
-
-
-
Total Assets
$8,703,817
$8,386,386
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$83,036
$110,569
+33%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$13,333
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$96,369
$110,569
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$6,580,116
$7,372,614
+12%
Unrestricted Net Assets
$2,027,332
$903,203
-55%
Net assets
2023
2024
Change
Net assets
+$8,607,448
+$8,275,817
-4%
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