PHILIPS ACADEMY CHARTER SCHOOL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,046,603
Cash & Equivalents
52%
Receivables (Non-Related)
41%
Other Assets
7%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$1,378,565
Payables & Accruals
91%
Deferred Revenue
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$550,767
$1,058,426
+92%
Receivables (Non-Related)
$1,302,511
$841,911
-35%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$11,266
-
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$135,000
$135,000
+0%
Total Assets
$1,988,278
$2,046,603
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,473,708
$1,252,593
-15%
Grants Payable
-
-
-
Deferred Revenue
$216,986
$125,972
-42%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,690,694
$1,378,565
-18%
Net assets
2023
2024
Change
Restricted Net Assets
$4,311
$5,041
+17%
Unrestricted Net Assets
$293,273
$662,997
+126%
Net assets
2023
2024
Change
Net assets
+$297,584
+$668,038
+124%
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