FRANKLIN ROAD ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$78,573,645
Property, Plant, & Equipment (net)
61%
Investments
17%
Cash & Equivalents
13%
Receivables (Non-Related)
8%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$9,393,315
Deferred Revenue
43%
Tax-Exempt Bond Liabilities
31%
Payables & Accruals
26%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,336,904
$10,291,372
+23%
Receivables (Non-Related)
$5,086,852
$6,522,163
+28%
Related-Party Receivables
$10,000
$0
-100%
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$10,681,399
$13,205,391
+24%
Property, Plant, & Equipment (net)
$43,587,406
$47,978,588
+10%
Other Assets
$553,194
$576,131
+4%
Total Assets
$68,255,755
$78,573,645
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$2,134,680
$2,432,083
+14%
Grants Payable
-
-
-
Deferred Revenue
$4,375,741
$4,041,077
-8%
Tax-Exempt Bond Liabilities
$4,471,496
$2,887,685
-35%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$54,822
$32,470
-41%
Total Liabilities
$11,036,739
$9,393,315
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$14,361,242
$19,878,650
+38%
Unrestricted Net Assets
$42,857,774
$49,301,680
+15%
Net assets
2023
2024
Change
Net assets
+$57,219,016
+$69,180,330
+21%
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