NANSEMOND SUFFOLK ACADEMY ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$24,458,721
Property, Plant, & Equipment (net)
50%
Investments
26%
Receivables (Non-Related)
15%
Cash & Equivalents
8%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$7,022,211
Tax-Exempt Bond Liabilities
75%
Payables & Accruals
18%
Deferred Revenue
7%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,703,952
$1,915,416
+12%
Receivables (Non-Related)
$1,188,547
$3,555,110
+199%
Related-Party Receivables
-
-
-
Inventories
$38,950
$39,044
+0%
Prepaid Expenses
$282,965
$299,165
+6%
Investments
$5,407,131
$6,321,234
+17%
Property, Plant, & Equipment (net)
$11,693,038
$12,328,752
+5%
Other Assets
-
-
-
Total Assets
$20,314,583
$24,458,721
+20%
Liabilities
2024
2025
Change
Payables & Accruals
$1,466,679
$1,233,955
-16%
Grants Payable
-
-
-
Deferred Revenue
$483,894
$525,689
+9%
Tax-Exempt Bond Liabilities
$5,445,017
$5,262,567
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$7,395,590
$7,022,211
-5%
Net assets
2024
2025
Change
Restricted Net Assets
$2,356,094
$5,120,649
+117%
Unrestricted Net Assets
$10,562,899
$12,315,861
+17%
Net assets
2024
2025
Change
Net assets
+$12,918,993
+$17,436,510
+35%
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