TRUE NORTH CLASSICAL ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$59,418,947
Property, Plant, & Equipment (net)
60%
Other Assets
23%
Cash & Equivalents
15%
Prepaid Expenses
2%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2025 (Year End)
$54,456,871
Notes Payable / Debt (Non-Related)
69%
Other Liabilities
27%
Payables & Accruals
3%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$8,059,165
$8,738,051
+8%
Receivables (Non-Related)
$992,813
$354,086
-64%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$501,076
$1,156,358
+131%
Investments
-
-
-
Property, Plant, & Equipment (net)
$34,292,993
$35,395,898
+3%
Other Assets
$14,504,515
$13,774,554
-5%
Total Assets
$58,350,562
$59,418,947
+2%
Liabilities
2024
2025
Change
Payables & Accruals
$1,273,992
$1,746,763
+37%
Grants Payable
-
-
-
Deferred Revenue
$209,605
$213,925
+2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$37,701,164
$37,522,771
0%
Related-Party Payables
$325,000
-
-
Other Liabilities
$15,396,881
$14,973,412
-3%
Total Liabilities
$54,906,642
$54,456,871
-1%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$3,443,920
$4,962,076
+44%
Net assets
2024
2025
Change
Net assets
+$3,443,920
+$4,962,076
+44%
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