WESTERN RESERVE ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$225,622,263
Investments
67%
Property, Plant, & Equipment (net)
26%
Receivables (Non-Related)
3%
Cash & Equivalents
3%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$23,797,659
Tax-Exempt Bond Liabilities
68%
Deferred Revenue
16%
Payables & Accruals
10%
Other Liabilities
6%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,928,844
$6,100,533
-12%
Receivables (Non-Related)
$21,691,606
$7,040,646
-68%
Related-Party Receivables
-
-
-
Inventories
$114,407
$128,401
+12%
Prepaid Expenses
$283,825
$431,594
+52%
Investments
$138,140,066
$150,294,936
+9%
Property, Plant, & Equipment (net)
$54,858,791
$57,669,197
+5%
Other Assets
$3,804,818
$3,956,956
+4%
Total Assets
$225,822,357
$225,622,263
0%
Liabilities
2023
2024
Change
Payables & Accruals
$673,640
$2,454,782
+264%
Grants Payable
-
-
-
Deferred Revenue
$3,650,889
$3,744,524
+3%
Tax-Exempt Bond Liabilities
$16,885,750
$16,079,021
-5%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,338,156
$1,519,332
+14%
Total Liabilities
$22,548,435
$23,797,659
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$155,515,790
$149,342,962
-4%
Unrestricted Net Assets
$47,758,132
$52,481,642
+10%
Net assets
2023
2024
Change
Net assets
+$203,273,922
+$201,824,604
-1%
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