MEMPHIS ACADEMY OF SCIENCE AND ENGINEERI
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$5,159,319
Other Assets
53%
Property, Plant, & Equipment (net)
20%
Cash & Equivalents
16%
Receivables (Non-Related)
11%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2025 (Year End)
$1,778,928
Payables & Accruals
64%
Other Liabilities
36%
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
2024
2025
Change
Cash & Equivalents
$1,053,584
$826,676
-22%
Receivables (Non-Related)
$1,398,079
$545,182
-61%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$22,347
$16,514
-26%
Investments
-
-
-
Property, Plant, & Equipment (net)
$912,554
$1,012,082
+11%
Other Assets
$2,390,536
$2,758,865
+15%
Total Assets
$5,777,100
$5,159,319
-11%
Liabilities
2024
2025
Change
Payables & Accruals
$735,121
$1,131,137
+54%
Grants Payable
-
-
-
Deferred Revenue
$347,172
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$200,000
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
$18,478
$647,791
+3406%
Total Liabilities
$1,300,771
$1,778,928
+37%
Net assets
2024
2025
Change
Restricted Net Assets
$1,269,946
$1,934,797
+52%
Unrestricted Net Assets
$3,206,383
$1,445,594
-55%
Net assets
2024
2025
Change
Net assets
+$4,476,329
+$3,380,391
-24%
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