VAN ANDEL EDUCATION INSTITUTE
Balance Sheet
Fiscal Year Start:
Dec 1
Assets in 2024 (Year End)
$11,690,466
Receivables (Non-Related)
55%
Investments
41%
Property, Plant, & Equipment (net)
3%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,529,516
Payables & Accruals
87%
Deferred Revenue
13%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$73,976
$71,613
-3%
Receivables (Non-Related)
$1,523,013
$6,399,315
+320%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$11,586
$21,434
+85%
Investments
$4,727,537
$4,804,019
+2%
Property, Plant, & Equipment (net)
$1,819
$394,085
+21565%
Other Assets
-
-
-
Total Assets
$6,337,931
$11,690,466
+84%
Liabilities
2023
2024
Change
Payables & Accruals
$51,498
$1,332,687
+2488%
Grants Payable
-
-
-
Deferred Revenue
$229,171
$196,829
-14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$280,669
$1,529,516
+445%
Net assets
2023
2024
Change
Restricted Net Assets
$615,442
$636,340
+3%
Unrestricted Net Assets
$5,441,820
$9,524,610
+75%
Net assets
2023
2024
Change
Net assets
+$6,057,262
+$10,160,950
+68%
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