FAITH ACADEMY OF MOBILE INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$28,593,258
Property, Plant, & Equipment (net)
46%
Investments
33%
Cash & Equivalents
16%
Receivables (Non-Related)
3%
Inventories
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,436,667
Deferred Revenue
67%
Other Liabilities
30%
Payables & Accruals
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,352,401
$4,674,730
+39%
Receivables (Non-Related)
$2,321,565
$787,931
-66%
Related-Party Receivables
-
-
-
Inventories
$357,496
$312,439
-13%
Prepaid Expenses
$16,611
$31,404
+89%
Investments
$9,143,591
$9,374,797
+3%
Property, Plant, & Equipment (net)
$11,242,340
$13,284,829
+18%
Other Assets
$121,762
$127,128
+4%
Total Assets
$26,555,766
$28,593,258
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$80,070
$93,101
+16%
Grants Payable
-
-
-
Deferred Revenue
$2,169,102
$2,315,473
+7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$969,401
$1,028,093
+6%
Total Liabilities
$3,218,573
$3,436,667
+7%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$23,337,193
$25,156,591
+8%
Net assets
2023
2024
Change
Net assets
+$23,337,193
+$25,156,591
+8%
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