GRAND RAPIDS CHRISTIAN SCHOOLS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$62,766,601
Property, Plant, & Equipment (net)
87%
Cash & Equivalents
6%
Receivables (Non-Related)
4%
Investments
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$10,168,413
Notes Payable / Debt (Non-Related)
81%
Deferred Revenue
13%
Payables & Accruals
6%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$5,027,141
$3,802,297
-24%
Receivables (Non-Related)
$3,273,913
$2,631,474
-20%
Related-Party Receivables
-
-
-
Inventories
$48,077
$51,140
+6%
Prepaid Expenses
$112,944
$77,695
-31%
Investments
$1,722,264
$1,793,457
+4%
Property, Plant, & Equipment (net)
$55,818,575
$54,410,538
-3%
Other Assets
-
-
-
Total Assets
$66,002,914
$62,766,601
-5%
Liabilities
2024
2025
Change
Payables & Accruals
$1,064,699
$608,360
-43%
Grants Payable
-
-
-
Deferred Revenue
$1,255,152
$1,297,903
+3%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$9,000,000
$8,250,000
-8%
Related-Party Payables
-
-
-
Other Liabilities
$39,299
$12,150
-69%
Total Liabilities
$11,359,150
$10,168,413
-10%
Net assets
2024
2025
Change
Restricted Net Assets
$423,071
$199,966
-53%
Unrestricted Net Assets
$54,220,693
$52,398,222
-3%
Net assets
2024
2025
Change
Net assets
+$54,643,764
+$52,598,188
-4%
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