THE NORFOLK ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$163,764,684
Investments
53%
Property, Plant, & Equipment (net)
32%
Cash & Equivalents
12%
Other Assets
2%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$12,782,727
Tax-Exempt Bond Liabilities
48%
Payables & Accruals
38%
Deferred Revenue
13%
Other Liabilities
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,285,366
$19,251,829
+132%
Receivables (Non-Related)
$1,135,371
$1,666,472
+47%
Related-Party Receivables
-
-
-
Inventories
$251,662
$262,566
+4%
Prepaid Expenses
$562,247
$503,936
-10%
Investments
$96,015,055
$87,089,029
-9%
Property, Plant, & Equipment (net)
$54,293,400
$52,468,673
-3%
Other Assets
$2,457,675
$2,522,179
+3%
Total Assets
$163,000,776
$163,764,684
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$4,357,712
$4,825,015
+11%
Grants Payable
-
-
-
Deferred Revenue
$1,495,247
$1,623,205
+9%
Tax-Exempt Bond Liabilities
$7,984,444
$6,073,397
-24%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$206,985
$261,110
+26%
Total Liabilities
$14,044,388
$12,782,727
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$74,768,787
$75,446,680
+1%
Unrestricted Net Assets
$74,187,601
$75,535,277
+2%
Net assets
2023
2024
Change
Net assets
+$148,956,388
+$150,981,957
+1%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)