NORFOLK CHRISTIAN SCHOOLS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$7,909,888
Other Assets
37%
Property, Plant, & Equipment (net)
28%
Investments
16%
Prepaid Expenses
15%
Cash & Equivalents
4%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$2,580,548
Notes Payable / Debt (Non-Related)
29%
Deferred Revenue
29%
Payables & Accruals
26%
Other Liabilities
15%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$710,516
$285,454
-60%
Receivables (Non-Related)
$39,500
$11,122
-72%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,226,098
$1,205,258
-2%
Investments
$1,123,918
$1,259,260
+12%
Property, Plant, & Equipment (net)
$2,238,881
$2,228,148
0%
Other Assets
$3,139,423
$2,920,646
-7%
Total Assets
$8,478,336
$7,909,888
-7%
Liabilities
2024
2025
Change
Payables & Accruals
$693,169
$676,301
-2%
Grants Payable
-
-
-
Deferred Revenue
$677,367
$745,778
+10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$878,466
$760,023
-13%
Related-Party Payables
-
-
-
Other Liabilities
$396,046
$398,446
+1%
Total Liabilities
$2,645,048
$2,580,548
-2%
Net assets
2024
2025
Change
Restricted Net Assets
$1,567,810
$1,637,914
+4%
Unrestricted Net Assets
$4,265,478
$3,691,426
-13%
Net assets
2024
2025
Change
Net assets
+$5,833,288
+$5,329,340
-9%
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