Veritas Classical Christian School
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$30,270,347
Property, Plant, & Equipment (net)
65%
Cash & Equivalents
27%
Receivables (Non-Related)
5%
Investments
2%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$10,766,437
Notes Payable / Debt (Non-Related)
64%
Deferred Revenue
32%
Payables & Accruals
2%
Other Liabilities
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$8,725,549
$8,175,174
-6%
Receivables (Non-Related)
$1,797,409
$1,576,183
-12%
Related-Party Receivables
-
-
-
Inventories
$15,958
$7,378
-54%
Prepaid Expenses
$116,346
$97,982
-16%
Investments
$522,940
$645,043
+23%
Property, Plant, & Equipment (net)
$18,701,384
$19,702,974
+5%
Other Assets
$8,718
$65,613
+653%
Total Assets
$29,888,304
$30,270,347
+1%
Liabilities
2024
2025
Change
Payables & Accruals
$160,600
$234,416
+46%
Grants Payable
-
-
-
Deferred Revenue
$3,183,324
$3,436,587
+8%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,277,432
$6,886,199
-5%
Related-Party Payables
-
-
-
Other Liabilities
$151,471
$209,235
+38%
Total Liabilities
$10,772,827
$10,766,437
0%
Net assets
2024
2025
Change
Restricted Net Assets
$5,171,258
$4,406,214
-15%
Unrestricted Net Assets
$13,944,219
$15,097,696
+8%
Net assets
2024
2025
Change
Net assets
+$19,115,477
+$19,503,910
+2%
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