THE COVENANT SCHOOL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$18,069,730
Property, Plant, & Equipment (net)
66%
Cash & Equivalents
16%
Other Assets
15%
Prepaid Expenses
1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2025 (Year End)
$7,306,597
Tax-Exempt Bond Liabilities
59%
Deferred Revenue
20%
Payables & Accruals
20%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$2,733,343
$2,908,598
+6%
Receivables (Non-Related)
$371,160
$147,584
-60%
Related-Party Receivables
-
-
-
Inventories
$55,197
$49,837
-10%
Prepaid Expenses
$189,371
$225,164
+19%
Investments
-
-
-
Property, Plant, & Equipment (net)
$12,416,070
$12,011,230
-3%
Other Assets
$821,115
$2,727,317
+232%
Total Assets
$16,586,256
$18,069,730
+9%
Liabilities
2024
2025
Change
Payables & Accruals
$936,849
$1,480,609
+58%
Grants Payable
-
-
-
Deferred Revenue
$1,506,320
$1,491,066
-1%
Tax-Exempt Bond Liabilities
$4,553,826
$4,290,082
-6%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$14,799
$44,840
+203%
Total Liabilities
$7,011,794
$7,306,597
+4%
Net assets
2024
2025
Change
Restricted Net Assets
$477,829
$294,495
-38%
Unrestricted Net Assets
$9,096,633
$10,468,638
+15%
Net assets
2024
2025
Change
Net assets
+$9,574,462
+$10,763,133
+12%
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