LAKE FOREST ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$139,215,832
Investments
46%
Property, Plant, & Equipment (net)
38%
Cash & Equivalents
9%
Receivables (Non-Related)
5%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$52,666,498
Tax-Exempt Bond Liabilities
51%
Deferred Revenue
42%
Payables & Accruals
5%
Notes Payable / Debt (Non-Related)
1%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,641,229
$12,694,896
+19%
Receivables (Non-Related)
$6,624,532
$7,019,231
+6%
Related-Party Receivables
-
-
-
Inventories
$86,617
$80,314
-7%
Prepaid Expenses
$393,837
$499,396
+27%
Investments
$58,417,112
$64,732,677
+11%
Property, Plant, & Equipment (net)
$42,680,715
$53,305,660
+25%
Other Assets
$703,778
$883,658
+26%
Total Assets
$119,547,820
$139,215,832
+16%
Liabilities
2023
2024
Change
Payables & Accruals
$1,229,561
$2,703,394
+120%
Grants Payable
-
-
-
Deferred Revenue
$20,636,059
$22,368,797
+8%
Tax-Exempt Bond Liabilities
$16,264,140
$26,894,255
+65%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$714,286
$571,429
-20%
Related-Party Payables
-
-
-
Other Liabilities
$179,822
$128,623
-28%
Total Liabilities
$39,023,868
$52,666,498
+35%
Net assets
2023
2024
Change
Restricted Net Assets
$30,787,000
$32,701,974
+6%
Unrestricted Net Assets
$49,736,952
$53,847,360
+8%
Net assets
2023
2024
Change
Net assets
+$80,523,952
+$86,549,334
+7%
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