ATLANTIC SHORES CHRISTIAN SCHOOLS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$18,828,660
Property, Plant, & Equipment (net)
70%
Cash & Equivalents
26%
Other Assets
2%
Receivables (Non-Related)
2%
Investments
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$10,163,665
Tax-Exempt Bond Liabilities
74%
Deferred Revenue
17%
Payables & Accruals
5%
Notes Payable / Debt (Non-Related)
3%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$4,472,275
$4,866,963
+9%
Receivables (Non-Related)
$456,248
$302,591
-34%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$20,351
$87,398
+329%
Investments
$109,710
$133,022
+21%
Property, Plant, & Equipment (net)
$13,495,378
$13,135,662
-3%
Other Assets
$48,393
$303,024
+526%
Total Assets
$18,602,355
$18,828,660
+1%
Liabilities
2024
2025
Change
Payables & Accruals
$572,121
$468,024
-18%
Grants Payable
-
-
-
Deferred Revenue
$1,929,443
$1,721,541
-11%
Tax-Exempt Bond Liabilities
$7,966,687
$7,566,691
-5%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$390,065
$326,175
-16%
Related-Party Payables
-
-
-
Other Liabilities
$32,903
$81,234
+147%
Total Liabilities
$10,891,219
$10,163,665
-7%
Net assets
2024
2025
Change
Restricted Net Assets
$624,989
$757,248
+21%
Unrestricted Net Assets
$7,086,147
$7,907,747
+12%
Net assets
2024
2025
Change
Net assets
+$7,711,136
+$8,664,995
+12%
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