SALISBURY CHRISTIAN SCHOOL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,907,002
Property, Plant, & Equipment (net)
54%
Cash & Equivalents
40%
Investments
4%
Prepaid Expenses
1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,177,067
Deferred Revenue
29%
Payables & Accruals
28%
Notes Payable / Debt (Non-Related)
27%
Other Liabilities
16%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,008,277
$3,141,191
+4%
Receivables (Non-Related)
$24,055
$20,309
-16%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$38,772
$106,093
+174%
Investments
$270,731
$331,386
+22%
Property, Plant, & Equipment (net)
$4,475,094
$4,308,023
-4%
Other Assets
-
-
-
Total Assets
$7,816,929
$7,907,002
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$532,649
$615,706
+16%
Grants Payable
-
-
-
Deferred Revenue
$735,678
$622,987
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$692,303
$584,064
-16%
Related-Party Payables
-
-
-
Other Liabilities
$363,834
$354,310
-3%
Total Liabilities
$2,324,464
$2,177,067
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$409,372
$463,912
+13%
Unrestricted Net Assets
$5,083,093
$5,266,023
+4%
Net assets
2023
2024
Change
Net assets
+$5,492,465
+$5,729,935
+4%
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