HERITAGE CLASSICAL ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$17,138,389
Property, Plant, & Equipment (net)
81%
Cash & Equivalents
11%
Receivables (Non-Related)
6%
Investments
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$5,324,574
Notes Payable / Debt (Non-Related)
94%
Payables & Accruals
5%
Other Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,144,798
$1,894,834
-12%
Receivables (Non-Related)
$11,946
$1,083,737
+8972%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$93,630
$20,214
-78%
Investments
-
$228,911
-
Property, Plant, & Equipment (net)
$2,413,537
$13,875,783
+475%
Other Assets
$11,845
$34,910
+195%
Total Assets
$4,675,756
$17,138,389
+267%
Liabilities
2023
2024
Change
Payables & Accruals
$242,908
$288,408
+19%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$5,000,000
-
Related-Party Payables
-
-
-
Other Liabilities
$11,845
$36,166
+205%
Total Liabilities
$254,753
$5,324,574
+1990%
Net assets
2023
2024
Change
Restricted Net Assets
$361,804
$1,434,389
+296%
Unrestricted Net Assets
$4,059,199
$10,379,426
+156%
Net assets
2023
2024
Change
Net assets
+$4,421,003
+$11,813,815
+167%
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