NORTHLAND CHRISTIAN EDUCATION SYSTEM
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$20,240,637
Property, Plant, & Equipment (net)
89%
Cash & Equivalents
10%
Investments
<1%
Inventories
<1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$7,336,709
Notes Payable / Debt (Non-Related)
72%
Grants Payable
11%
Deferred Revenue
10%
Payables & Accruals
7%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,838,983
$2,070,539
-57%
Receivables (Non-Related)
$112,772
$48,401
-57%
Related-Party Receivables
$0
$0
-
Inventories
$58,406
$66,417
+14%
Prepaid Expenses
$3,206
$19,156
+498%
Investments
$57,214
$70,956
+24%
Property, Plant, & Equipment (net)
$10,855,948
$17,965,168
+65%
Other Assets
$0
$0
-
Total Assets
$15,926,529
$20,240,637
+27%
Liabilities
2023
2024
Change
Payables & Accruals
$804,230
$539,994
-33%
Grants Payable
$0
$784,548
-
Deferred Revenue
$559,136
$702,338
+26%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$4,865,259
$5,309,829
+9%
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$6,228,625
$7,336,709
+18%
Net assets
2023
2024
Change
Restricted Net Assets
$5,573,852
$2,547,108
-54%
Unrestricted Net Assets
$4,124,052
$10,356,820
+151%
Net assets
2023
2024
Change
Net assets
+$9,697,904
+$12,903,928
+33%
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