FRANKFORT CHRISTIAN ACADEMY INC
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$5,335,404
Property, Plant, & Equipment (net)
74%
Other Assets
18%
Cash & Equivalents
7%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,092,191
Notes Payable / Debt (Non-Related)
71%
Deferred Revenue
24%
Payables & Accruals
4%
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
$620,280
$368,336
-41%
Receivables (Non-Related)
$38,148
$18,077
-53%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$16,724
$23,628
+41%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,885,106
$3,939,825
+1%
Other Assets
$993,822
$985,538
-1%
Total Assets
$5,554,080
$5,335,404
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$211,964
$93,557
-56%
Grants Payable
-
-
-
Deferred Revenue
$445,118
$507,327
+14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$1,491,307
-
Related-Party Payables
-
-
-
Other Liabilities
$1,568,470
-
-
Total Liabilities
$2,225,552
$2,092,191
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$45,564
$61,499
+35%
Unrestricted Net Assets
$3,282,964
$3,181,714
-3%
Net assets
2023
2024
Change
Net assets
+$3,328,528
+$3,243,213
-3%
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