FREDERICKSBURG ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$19,626,158
Property, Plant, & Equipment (net)
61%
Cash & Equivalents
31%
Other Assets
2%
Investments
2%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$10,251,066
Notes Payable / Debt (Non-Related)
65%
Deferred Revenue
31%
Payables & Accruals
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,867,874
$6,017,870
+56%
Receivables (Non-Related)
$42,227
$465,611
+1003%
Related-Party Receivables
-
-
-
Inventories
$7,991
$12,702
+59%
Prepaid Expenses
$120,078
$144,309
+20%
Investments
$522,018
$466,397
-11%
Property, Plant, & Equipment (net)
$12,476,286
$12,039,882
-3%
Other Assets
-
$479,387
-
Total Assets
$17,036,474
$19,626,158
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$165,077
$348,975
+111%
Grants Payable
-
-
-
Deferred Revenue
$2,863,734
$3,219,982
+12%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,898,267
$6,682,109
-3%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$9,927,078
$10,251,066
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$517,948
$517,948
+0%
Unrestricted Net Assets
$6,591,448
$8,857,144
+34%
Net assets
2023
2024
Change
Net assets
+$7,109,396
+$9,375,092
+32%
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