SPARTANBURG ACADEMIC MOVEMENT
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$21,223,148
Receivables (Non-Related)
62%
Cash & Equivalents
27%
Other Assets
10%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,617,047
Other Liabilities
93%
Payables & Accruals
6%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,872,176
$5,663,074
+202%
Receivables (Non-Related)
$7,896,495
$13,182,724
+67%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$48,540
$204,748
+322%
Other Assets
$824,324
$2,172,602
+164%
Total Assets
$10,641,535
$21,223,148
+99%
Liabilities
2023
2024
Change
Payables & Accruals
$92,016
$101,947
+11%
Grants Payable
-
-
-
Deferred Revenue
$78,875
$4,725
-94%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$59,514
$1,510,375
+2438%
Total Liabilities
$230,405
$1,617,047
+602%
Net assets
2023
2024
Change
Restricted Net Assets
$8,474,217
$12,778,817
+51%
Unrestricted Net Assets
$1,936,913
$6,827,284
+252%
Net assets
2023
2024
Change
Net assets
+$10,411,130
+$19,606,101
+88%
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