HAMPTON ROADS ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$23,510,689
Property, Plant, & Equipment (net)
69%
Cash & Equivalents
17%
Investments
12%
Receivables (Non-Related)
2%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,329,196
Deferred Revenue
69%
Payables & Accruals
28%
Custodial & Escrow Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,508,598
$4,106,282
+17%
Receivables (Non-Related)
$1,596,338
$396,992
-75%
Related-Party Receivables
-
-
-
Inventories
$26,173
$26,173
+0%
Prepaid Expenses
$102,363
$31,885
-69%
Investments
$2,476,286
$2,735,958
+10%
Property, Plant, & Equipment (net)
$16,588,284
$16,138,882
-3%
Other Assets
$71,430
$74,517
+4%
Total Assets
$24,369,472
$23,510,689
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$881,376
$942,386
+7%
Grants Payable
-
-
-
Deferred Revenue
$1,902,953
$2,282,026
+20%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$106,341
$104,784
-1%
Notes Payable / Debt (Non-Related)
$633,180
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$3,523,850
$3,329,196
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$3,161,491
$3,065,836
-3%
Unrestricted Net Assets
$17,684,131
$17,115,657
-3%
Net assets
2023
2024
Change
Net assets
+$20,845,622
+$20,181,493
-3%
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