Holland Christian Education Society
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$46,724,198
Property, Plant, & Equipment (net)
58%
Investments
23%
Cash & Equivalents
15%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,067,375
Payables & Accruals
40%
Deferred Revenue
38%
Other Liabilities
15%
Notes Payable / Debt (Non-Related)
8%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,092,394
$7,097,322
+0%
Receivables (Non-Related)
$3,054,358
$1,587,848
-48%
Related-Party Receivables
$0
$0
-
Inventories
$24,654
$28,175
+14%
Prepaid Expenses
$110,233
$109,421
-1%
Investments
$9,042,525
$10,632,459
+18%
Property, Plant, & Equipment (net)
$27,952,002
$27,268,973
-2%
Other Assets
$0
$0
-
Total Assets
$47,276,166
$46,724,198
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$806,928
$817,512
+1%
Grants Payable
-
-
-
Deferred Revenue
$934,965
$787,303
-16%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$218,859
$155,991
-29%
Related-Party Payables
$0
$0
-
Other Liabilities
$301,840
$306,569
+2%
Total Liabilities
$2,262,592
$2,067,375
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$13,911,852
$14,375,945
+3%
Unrestricted Net Assets
$31,101,722
$30,280,878
-3%
Net assets
2023
2024
Change
Net assets
+$45,013,574
+$44,656,823
-1%
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