THE LOVETT SCHOOL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$308,477,167
Investments
49%
Property, Plant, & Equipment (net)
25%
Receivables (Non-Related)
14%
Cash & Equivalents
11%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$40,666,651
Notes Payable / Debt (Non-Related)
58%
Deferred Revenue
28%
Payables & Accruals
9%
Other Liabilities
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$28,926,209
$34,892,321
+21%
Receivables (Non-Related)
$1,782,836
$42,421,388
+2279%
Related-Party Receivables
-
-
-
Inventories
$129,059
$122,266
-5%
Prepaid Expenses
$1,379,725
$1,605,158
+16%
Investments
$140,934,085
$151,180,254
+7%
Property, Plant, & Equipment (net)
$74,849,949
$77,311,926
+3%
Other Assets
$2,192,207
$943,854
-57%
Total Assets
$250,194,070
$308,477,167
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$4,383,939
$3,471,083
-21%
Grants Payable
-
-
-
Deferred Revenue
$11,127,887
$11,385,799
+2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$24,089,040
$23,428,188
-3%
Related-Party Payables
-
-
-
Other Liabilities
$2,435,499
$2,381,581
-2%
Total Liabilities
$42,036,365
$40,666,651
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$84,575,281
$140,844,679
+67%
Unrestricted Net Assets
$123,582,424
$126,965,837
+3%
Net assets
2023
2024
Change
Net assets
+$208,157,705
+$267,810,516
+29%
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