Asheville Christian Academy Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$22,408,429
Property, Plant, & Equipment (net)
81%
Cash & Equivalents
12%
Other Assets
6%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,911,501
Notes Payable / Debt (Non-Related)
60%
Payables & Accruals
19%
Other Liabilities
13%
Deferred Revenue
7%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,222,584
$2,743,214
+23%
Receivables (Non-Related)
$514,974
$105,271
-80%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,093
$7,512
+47%
Investments
-
-
-
Property, Plant, & Equipment (net)
$18,325,049
$18,173,603
-1%
Other Assets
$2,053,787
$1,378,829
-33%
Total Assets
$23,121,487
$22,408,429
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$754,871
$940,880
+25%
Grants Payable
-
-
-
Deferred Revenue
$724,387
$358,576
-50%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,443,860
$2,957,254
+21%
Related-Party Payables
-
-
-
Other Liabilities
$781,065
$654,791
-16%
Total Liabilities
$4,704,183
$4,911,501
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$621,996
$699,573
+12%
Unrestricted Net Assets
$17,795,308
$16,797,355
-6%
Net assets
2023
2024
Change
Net assets
+$18,417,304
+$17,496,928
-5%
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