HARLEM ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$45,003,724
Property, Plant, & Equipment (net)
71%
Investments
13%
Cash & Equivalents
10%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,442,223
Related-Party Payables
77%
Payables & Accruals
18%
Deferred Revenue
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,600,825
$4,637,491
+1%
Receivables (Non-Related)
$2,045,371
$2,561,354
+25%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$186,853
$126,606
-32%
Investments
$3,395,550
$5,762,422
+70%
Property, Plant, & Equipment (net)
$32,680,220
$31,901,257
-2%
Other Assets
$14,594
$14,594
+0%
Total Assets
$42,923,413
$45,003,724
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$288,401
$264,723
-8%
Grants Payable
-
-
-
Deferred Revenue
$95,689
$64,975
-32%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$1,339,324
$1,112,525
-17%
Other Liabilities
-
-
-
Total Liabilities
$1,723,414
$1,442,223
-16%
Net assets
2023
2024
Change
Restricted Net Assets
$4,126,739
$6,043,130
+46%
Unrestricted Net Assets
$37,073,260
$37,518,371
+1%
Net assets
2023
2024
Change
Net assets
+$41,199,999
+$43,561,501
+6%
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