The Summit School Incorporated
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$50,298,412
Investments
43%
Property, Plant, & Equipment (net)
35%
Receivables (Non-Related)
13%
Cash & Equivalents
8%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$10,860,950
Tax-Exempt Bond Liabilities
74%
Deferred Revenue
12%
Payables & Accruals
10%
Custodial & Escrow Liabilities
4%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,993,843
$4,114,721
-49%
Receivables (Non-Related)
$298,950
$6,716,268
+2147%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$66,957
$85,931
+28%
Investments
$16,859,371
$21,426,344
+27%
Property, Plant, & Equipment (net)
$17,842,665
$17,532,864
-2%
Other Assets
$424,709
$422,284
-1%
Total Assets
$43,486,495
$50,298,412
+16%
Liabilities
2023
2024
Change
Payables & Accruals
$1,276,814
$1,096,261
-14%
Grants Payable
-
-
-
Deferred Revenue
$1,320,055
$1,253,709
-5%
Tax-Exempt Bond Liabilities
$8,821,972
$8,029,772
-9%
Custodial & Escrow Liabilities
$337,910
$481,208
+42%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$11,756,751
$10,860,950
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$9,818,105
$10,189,698
+4%
Unrestricted Net Assets
$21,911,639
$29,247,764
+33%
Net assets
2023
2024
Change
Net assets
+$31,729,744
+$39,437,462
+24%
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