SUMMIT EDUCATION INITIATIVE
SUMMIT EDUCATION INITIATIVE
SUMMIT EDUCATION INITIATIVE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,104,978
Investments
58%
Cash & Equivalents
23%
Receivables (Non-Related)
11%
Other Assets
5%
Prepaid Expenses
3%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$245,978
Payables & Accruals
83%
Other Liabilities
17%
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%
Assets
2023
2024
Change
Cash & Equivalents
$190,067
$481,076
+153%
Receivables (Non-Related)
$248,261
$224,020
-10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$91,900
$64,845
-29%
Investments
$1,402,056
$1,221,213
-13%
Property, Plant, & Equipment (net)
$9,061
$7,958
-12%
Other Assets
$61,783
$105,866
+71%
Total Assets
$2,003,128
$2,104,978
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$192,356
$204,222
+6%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$41,756
-
Total Liabilities
$192,356
$245,978
+28%
Net assets
2023
2024
Change
Restricted Net Assets
$146,875
$549,142
+274%
Unrestricted Net Assets
$1,663,897
$1,309,858
-21%
Net assets
2023
2024
Change
Net assets
+$1,810,772
+$1,859,000
+3%
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