King's Ridge Christian School
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$55,788,215
Property, Plant, & Equipment (net)
73%
Cash & Equivalents
25%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$23,923,497
Deferred Revenue
51%
Tax-Exempt Bond Liabilities
37%
Payables & Accruals
6%
Notes Payable / Debt (Non-Related)
5%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$12,724,629
$13,736,534
+8%
Receivables (Non-Related)
$1,824,711
$929,783
-49%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$445,865
$358,837
-20%
Investments
-
-
-
Property, Plant, & Equipment (net)
$40,683,073
$40,522,457
0%
Other Assets
$319,217
$240,604
-25%
Total Assets
$55,997,495
$55,788,215
0%
Liabilities
2023
2024
Change
Payables & Accruals
$1,599,534
$1,462,727
-9%
Grants Payable
-
-
-
Deferred Revenue
$12,275,889
$12,230,123
0%
Tax-Exempt Bond Liabilities
$9,330,750
$8,765,250
-6%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,745,005
$1,313,469
-25%
Related-Party Payables
-
-
-
Other Liabilities
$224,694
$151,928
-32%
Total Liabilities
$25,175,872
$23,923,497
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$4,106,752
$4,801,122
+17%
Unrestricted Net Assets
$26,714,871
$27,063,596
+1%
Net assets
2023
2024
Change
Net assets
+$30,821,623
+$31,864,718
+3%
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