LIONHEART CHILDREN'S ACADEMY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,017,270
Cash & Equivalents
63%
Receivables (Non-Related)
17%
Other Assets
11%
Property, Plant, & Equipment (net)
6%
Prepaid Expenses
3%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$7,275,507
Notes Payable / Debt (Non-Related)
53%
Other Liabilities
22%
Payables & Accruals
17%
Deferred Revenue
5%
Related-Party Payables
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,212,802
$4,417,771
-39%
Receivables (Non-Related)
$670,096
$1,165,695
+74%
Related-Party Receivables
$18,560
$0
-100%
Inventories
$0
-
-
Prepaid Expenses
$252,806
$198,794
-21%
Investments
$0
-
-
Property, Plant, & Equipment (net)
$627,169
$440,515
-30%
Other Assets
$4,062,291
$794,495
-80%
Total Assets
$12,843,724
$7,017,270
-45%
Liabilities
2023
2024
Change
Payables & Accruals
$370,108
$1,264,212
+242%
Grants Payable
-
-
-
Deferred Revenue
-
$360,165
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,344,113
$3,871,498
-28%
Related-Party Payables
$190,000
$190,000
+0%
Other Liabilities
$1,254,854
$1,589,632
+27%
Total Liabilities
$7,159,075
$7,275,507
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$301,966
$239,882
-21%
Unrestricted Net Assets
$5,382,683
-$498,119
-109%
Net assets
2023
2024
Change
Net assets
+$5,684,649
-$258,237
-105%
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