DURHAM ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$118,260,431
Property, Plant, & Equipment (net)
57%
Investments
35%
Cash & Equivalents
5%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$27,595,818
Tax-Exempt Bond Liabilities
49%
Notes Payable / Debt (Non-Related)
27%
Deferred Revenue
18%
Payables & Accruals
6%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$813,966
$5,592,508
+587%
Receivables (Non-Related)
$3,795,803
$4,012,705
+6%
Related-Party Receivables
-
-
-
Inventories
$35,765
$39,987
+12%
Prepaid Expenses
$333,323
$438,776
+32%
Investments
$44,081,522
$41,101,696
-7%
Property, Plant, & Equipment (net)
$67,041,318
$67,074,759
+0%
Other Assets
-
-
-
Total Assets
$116,101,697
$118,260,431
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$2,450,796
$1,649,462
-33%
Grants Payable
-
-
-
Deferred Revenue
$4,641,733
$4,846,807
+4%
Tax-Exempt Bond Liabilities
$15,899,914
$13,645,803
-14%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,500,000
$7,453,746
-1%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$30,492,443
$27,595,818
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$17,097,777
$17,869,177
+5%
Unrestricted Net Assets
$68,511,477
$72,795,436
+6%
Net assets
2023
2024
Change
Net assets
+$85,609,254
+$90,664,613
+6%
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