PURPOSE PREPARATORY ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$11,684,623
Cash & Equivalents
56%
Property, Plant, & Equipment (net)
34%
Prepaid Expenses
6%
Other Assets
3%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,972,467
Notes Payable / Debt (Non-Related)
72%
Other Liabilities
17%
Payables & Accruals
10%
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
$5,140,930
$6,589,054
+28%
Receivables (Non-Related)
$573,135
$114,338
-80%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$722,901
$667,002
-8%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,834,682
$3,997,750
+4%
Other Assets
$212,025
$316,479
+49%
Total Assets
$10,483,673
$11,684,623
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$178,928
$415,911
+132%
Grants Payable
$115,000
$0
-100%
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,017,912
$2,865,534
-5%
Related-Party Payables
-
-
-
Other Liabilities
$200,596
$691,022
+244%
Total Liabilities
$3,512,436
$3,972,467
+13%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$6,971,237
+$7,712,156
+11%
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