CHRISTIAN ACADEMY OF KNOXVILLE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$25,651,220
Property, Plant, & Equipment (net)
72%
Cash & Equivalents
20%
Investments
4%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$5,687,224
Payables & Accruals
35%
Notes Payable / Debt (Non-Related)
30%
Other Liabilities
23%
Deferred Revenue
12%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,740,983
$5,076,502
-25%
Receivables (Non-Related)
$1,950,236
$1,034,883
-47%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$311,492
$116,254
-63%
Investments
$909,974
$1,059,277
+16%
Property, Plant, & Equipment (net)
$13,472,235
$18,364,304
+36%
Other Assets
-
-
-
Total Assets
$23,384,920
$25,651,220
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$1,271,038
$2,001,240
+57%
Grants Payable
-
-
-
Deferred Revenue
$870,055
$669,910
-23%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,878,917
$1,706,792
-9%
Related-Party Payables
-
-
-
Other Liabilities
$1,420,706
$1,309,282
-8%
Total Liabilities
$5,440,716
$5,687,224
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$7,166,217
$2,755,231
-62%
Unrestricted Net Assets
$10,777,987
$17,208,765
+60%
Net assets
2023
2024
Change
Net assets
+$17,944,204
+$19,963,996
+11%
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