HOME SCHOOL LEGAL DEFENSE ASSOCIATION
Balance Sheet
Fiscal Year Start:
Apr 1
Assets in 2025 (Year End)
$5,968,309
Cash & Equivalents
65%
Other Assets
23%
Prepaid Expenses
7%
Inventories
2%
Receivables (Non-Related)
2%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2025 (Year End)
$10,638,229
Deferred Revenue
72%
Payables & Accruals
21%
Other Liabilities
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$3,306,578
$3,898,020
+18%
Receivables (Non-Related)
$199,104
$89,932
-55%
Related-Party Receivables
$0
$0
-
Inventories
$179,934
$146,044
-19%
Prepaid Expenses
$306,136
$400,311
+31%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$100,262
$52,012
-48%
Other Assets
$2,346,771
$1,381,990
-41%
Total Assets
$6,438,785
$5,968,309
-7%
Liabilities
2024
2025
Change
Payables & Accruals
$2,470,525
$2,284,650
-8%
Grants Payable
$0
$0
-
Deferred Revenue
$7,918,740
$7,683,339
-3%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$1,316,343
$670,240
-49%
Total Liabilities
$11,705,608
$10,638,229
-9%
Net assets
2024
2025
Change
Restricted Net Assets
$694,503
$839,798
+21%
Unrestricted Net Assets
-$5,961,326
-$5,509,718
+8%
Net assets
2024
2025
Change
Net assets
-$5,266,823
-$4,669,920
+11%
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