Summit Charter School
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$755,677
Cash & Equivalents
66%
Property, Plant, & Equipment (net)
20%
Receivables (Non-Related)
12%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$588,964
Notes Payable / Debt (Non-Related)
84%
Deferred Revenue
8%
Payables & Accruals
7%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$148,563
$496,001
+234%
Receivables (Non-Related)
$37,599
$90,848
+142%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$41,026
$17,880
-56%
Investments
-
-
-
Property, Plant, & Equipment (net)
$42,996
$150,948
+251%
Other Assets
-
-
-
Total Assets
$270,184
$755,677
+180%
Liabilities
2023
2024
Change
Payables & Accruals
$49,476
$43,726
-12%
Grants Payable
-
-
-
Deferred Revenue
$78,380
$47,575
-39%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$497,663
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$127,856
$588,964
+361%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$142,328
$166,713
+17%
Net assets
2023
2024
Change
Net assets
+$142,328
+$166,713
+17%
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