CHARLOTTE LATIN SCHOOLS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$156,009,245
Investments
41%
Property, Plant, & Equipment (net)
33%
Cash & Equivalents
19%
Receivables (Non-Related)
5%
Other Assets
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$53,955,639
Tax-Exempt Bond Liabilities
46%
Deferred Revenue
42%
Payables & Accruals
8%
Other Liabilities
3%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$22,491,743
$29,566,222
+31%
Receivables (Non-Related)
$7,833,825
$7,807,650
0%
Related-Party Receivables
$60,000
-
-
Inventories
$72,551
$65,044
-10%
Prepaid Expenses
$363,064
$985,060
+171%
Investments
$61,411,916
$64,429,076
+5%
Property, Plant, & Equipment (net)
$51,212,441
$50,887,673
-1%
Other Assets
$3,909,818
$2,268,520
-42%
Total Assets
$147,355,358
$156,009,245
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$4,350,102
$4,544,725
+4%
Grants Payable
-
-
-
Deferred Revenue
$22,284,863
$22,712,220
+2%
Tax-Exempt Bond Liabilities
$25,590,737
$24,865,094
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$258,775
$323,509
+25%
Related-Party Payables
-
-
-
Other Liabilities
$1,436,570
$1,510,091
+5%
Total Liabilities
$53,921,047
$53,955,639
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$28,555,000
$33,314,647
+17%
Unrestricted Net Assets
$64,879,311
$68,738,959
+6%
Net assets
2023
2024
Change
Net assets
+$93,434,311
+$102,053,606
+9%
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