SEVERN SCHOOL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$79,570,199
Property, Plant, & Equipment (net)
49%
Investments
28%
Cash & Equivalents
18%
Receivables (Non-Related)
3%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$13,702,094
Tax-Exempt Bond Liabilities
60%
Deferred Revenue
22%
Payables & Accruals
12%
Other Liabilities
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,079,930
$14,631,770
+12%
Receivables (Non-Related)
$923,381
$2,420,923
+162%
Related-Party Receivables
-
-
-
Inventories
$6,803
$6,803
+0%
Prepaid Expenses
$162,213
$431,905
+166%
Investments
$20,361,032
$22,085,781
+8%
Property, Plant, & Equipment (net)
$40,173,689
$39,360,962
-2%
Other Assets
$53,566
$632,055
+1080%
Total Assets
$74,760,614
$79,570,199
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$1,577,129
$1,684,835
+7%
Grants Payable
-
-
-
Deferred Revenue
$3,056,268
$3,073,045
+1%
Tax-Exempt Bond Liabilities
$8,798,022
$8,232,502
-6%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$119,564
$711,712
+495%
Total Liabilities
$13,550,983
$13,702,094
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$15,791,781
$19,482,725
+23%
Unrestricted Net Assets
$45,417,850
$46,385,380
+2%
Net assets
2023
2024
Change
Net assets
+$61,209,631
+$65,868,105
+8%
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