CHARLOTTE CHRISTIAN SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$76,217,616
Property, Plant, & Equipment (net)
73%
Investments
20%
Receivables (Non-Related)
3%
Cash & Equivalents
3%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$30,601,198
Notes Payable / Debt (Non-Related)
41%
Deferred Revenue
32%
Tax-Exempt Bond Liabilities
22%
Payables & Accruals
6%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,335,030
$2,059,667
-38%
Receivables (Non-Related)
$1,848,954
$2,607,889
+41%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$11,901,738
$15,015,347
+26%
Property, Plant, & Equipment (net)
$54,639,087
$55,914,101
+2%
Other Assets
$729,479
$620,612
-15%
Total Assets
$72,454,288
$76,217,616
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$1,168,871
$1,728,905
+48%
Grants Payable
-
-
-
Deferred Revenue
$8,557,390
$9,727,426
+14%
Tax-Exempt Bond Liabilities
$6,874,110
$6,705,715
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$12,787,546
$12,439,152
-3%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$29,387,917
$30,601,198
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$3,349,931
$3,930,294
+17%
Unrestricted Net Assets
$39,716,440
$41,686,124
+5%
Net assets
2023
2024
Change
Net assets
+$43,066,371
+$45,616,418
+6%
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