CANNON SCHOOL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$58,109,621
Property, Plant, & Equipment (net)
41%
Investments
29%
Cash & Equivalents
18%
Receivables (Non-Related)
11%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$13,449,201
Deferred Revenue
64%
Payables & Accruals
16%
Notes Payable / Debt (Non-Related)
13%
Tax-Exempt Bond Liabilities
6%
Other Liabilities
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$9,905,119
$10,426,493
+5%
Receivables (Non-Related)
$5,226,219
$6,210,707
+19%
Related-Party Receivables
$0
-
-
Inventories
$34,139
$52,789
+55%
Prepaid Expenses
$417,401
$464,083
+11%
Investments
$16,772,516
$16,775,927
+0%
Property, Plant, & Equipment (net)
$24,255,458
$23,791,624
-2%
Other Assets
$247,753
$387,998
+57%
Total Assets
$56,858,605
$58,109,621
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,784,318
$2,093,747
+17%
Grants Payable
-
-
-
Deferred Revenue
$8,545,581
$8,597,060
+1%
Tax-Exempt Bond Liabilities
$1,455,771
$743,247
-49%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,701,566
$1,698,575
0%
Related-Party Payables
-
-
-
Other Liabilities
$117,124
$316,572
+170%
Total Liabilities
$13,604,360
$13,449,201
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$7,982,778
$8,145,757
+2%
Unrestricted Net Assets
$35,271,467
$36,514,663
+4%
Net assets
2023
2024
Change
Net assets
+$43,254,245
+$44,660,420
+3%
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