MADISON ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$13,893,785
Property, Plant, & Equipment (net)
80%
Investments
11%
Receivables (Non-Related)
5%
Cash & Equivalents
4%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$6,004,221
Notes Payable / Debt (Non-Related)
74%
Other Liabilities
11%
Payables & Accruals
11%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$969,055
$499,995
-48%
Receivables (Non-Related)
$605,291
$663,272
+10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$66,758
$60,093
-10%
Investments
$1,977,358
$1,544,629
-22%
Property, Plant, & Equipment (net)
$10,873,148
$11,046,437
+2%
Other Assets
$477,109
$79,359
-83%
Total Assets
$14,968,719
$13,893,785
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$1,540,367
$635,474
-59%
Grants Payable
-
-
-
Deferred Revenue
$515,656
$234,367
-55%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,673,302
$4,453,215
-5%
Related-Party Payables
-
-
-
Other Liabilities
$450,000
$681,165
+51%
Total Liabilities
$7,179,325
$6,004,221
-16%
Net assets
2023
2024
Change
Restricted Net Assets
$1,300,000
$1,437,272
+11%
Unrestricted Net Assets
$6,489,394
$6,452,292
-1%
Net assets
2023
2024
Change
Net assets
+$7,789,394
+$7,889,564
+1%
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