FREEMAN ACADEMY & FREEMAN JUNIOR COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$4,822,914
Property, Plant, & Equipment (net)
63%
Investments
28%
Cash & Equivalents
8%
Receivables (Non-Related)
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$405,429
Payables & Accruals
37%
Grants Payable
27%
Notes Payable / Debt (Non-Related)
25%
Deferred Revenue
7%
Other Liabilities
4%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$509,170
$385,649
-24%
Receivables (Non-Related)
$41,362
$56,964
+38%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,786
$3,785
0%
Investments
$1,244,139
$1,332,384
+7%
Property, Plant, & Equipment (net)
$3,202,215
$3,035,752
-5%
Other Assets
$8,380
$8,380
+0%
Total Assets
$5,009,052
$4,822,914
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$140,555
$148,554
+6%
Grants Payable
$110,741
$110,741
+0%
Deferred Revenue
$23,339
$28,320
+21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$105,000
$100,000
-5%
Related-Party Payables
-
-
-
Other Liabilities
$16,216
$17,814
+10%
Total Liabilities
$395,851
$405,429
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$794,890
$1,048,497
+32%
Unrestricted Net Assets
$3,818,311
$3,368,988
-12%
Net assets
2023
2024
Change
Net assets
+$4,613,201
+$4,417,485
-4%
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