FREDERICA ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$31,897,463
Property, Plant, & Equipment (net)
63%
Investments
14%
Cash & Equivalents
11%
Receivables (Non-Related)
10%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$9,508,111
Deferred Revenue
78%
Notes Payable / Debt (Non-Related)
16%
Payables & Accruals
6%
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
$1,871,733
$3,411,669
+82%
Receivables (Non-Related)
$4,592,643
$3,325,079
-28%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$239,606
$279,943
+17%
Investments
$4,134,604
$4,612,485
+12%
Property, Plant, & Equipment (net)
$18,086,707
$20,227,770
+12%
Other Assets
$44,438
$40,517
-9%
Total Assets
$28,969,731
$31,897,463
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$822,655
$575,459
-30%
Grants Payable
-
-
-
Deferred Revenue
$6,898,515
$7,414,242
+7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,655,709
$1,518,410
-8%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$9,376,879
$9,508,111
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$6,418,450
$5,872,624
-9%
Unrestricted Net Assets
$13,174,402
$16,516,728
+25%
Net assets
2023
2024
Change
Net assets
+$19,592,852
+$22,389,352
+14%
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