CORNERSTONE SCHOOLS OF ALABAMA INC
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$17,979,083
Property, Plant, & Equipment (net)
58%
Cash & Equivalents
19%
Investments
18%
Other Assets
4%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$786,041
Other Liabilities
83%
Payables & Accruals
12%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,788,974
$3,444,301
-41%
Receivables (Non-Related)
$154,032
$105,619
-31%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$8,072
-
Investments
$921,583
$3,294,987
+258%
Property, Plant, & Equipment (net)
$8,486,110
$10,469,919
+23%
Other Assets
-
$656,185
-
Total Assets
$15,350,699
$17,979,083
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$1,053,166
$94,529
-91%
Grants Payable
-
-
-
Deferred Revenue
$45,258
$35,326
-22%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$656,186
-
Total Liabilities
$1,098,424
$786,041
-28%
Net assets
2023
2024
Change
Restricted Net Assets
$343,147
$109,838
-68%
Unrestricted Net Assets
$13,909,128
$17,083,204
+23%
Net assets
2023
2024
Change
Net assets
+$14,252,275
+$17,193,042
+21%
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