MADISON ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2017 (Year End)
$1,610,901
Property, Plant, & Equipment (net)
43%
Receivables (Non-Related)
31%
Inventories
20%
Other Assets
5%
Prepaid Expenses
1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2017 (Year End)
$776,396
Other Liabilities
63%
Payables & Accruals
37%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2016
2017
Change
Cash & Equivalents
$84,485
$6,896
-92%
Receivables (Non-Related)
$540,297
$492,127
-9%
Related-Party Receivables
-
-
-
Inventories
$425,671
$329,036
-23%
Prepaid Expenses
$59,680
$22,685
-62%
Investments
-
-
-
Property, Plant, & Equipment (net)
$876,923
$685,501
-22%
Other Assets
$64,380
$74,656
+16%
Total Assets
$2,051,436
$1,610,901
-21%
Liabilities
2016
2017
Change
Payables & Accruals
$577,548
$289,562
-50%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$467,759
$486,834
+4%
Total Liabilities
$1,045,307
$776,396
-26%
Net assets
2016
2017
Change
Restricted Net Assets
$129,664
$108,883
-16%
Unrestricted Net Assets
$876,465
$725,622
-17%
Net assets
2016
2017
Change
Net assets
+$1,006,129
+$834,505
-17%
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