Liberty Educational Ministries Inc
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$52,574,444
Property, Plant, & Equipment (net)
79%
Cash & Equivalents
19%
Receivables (Non-Related)
<1%
Other Assets
<1%
Prepaid Expenses
<1%
Investments
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$14,371,442
Notes Payable / Debt (Non-Related)
73%
Deferred Revenue
15%
Payables & Accruals
12%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,526,390
$10,210,891
+20%
Receivables (Non-Related)
$523,291
$333,571
-36%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$75,320
$75,716
+1%
Investments
$30,455
$30,455
+0%
Property, Plant, & Equipment (net)
$41,627,972
$41,759,878
+0%
Other Assets
$199,265
$163,933
-18%
Total Assets
$50,982,693
$52,574,444
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,789,494
$1,766,401
-1%
Grants Payable
-
-
-
Deferred Revenue
$2,290,274
$2,088,909
-9%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$11,316,962
$10,516,132
-7%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$15,396,730
$14,371,442
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$2,809,604
$3,289,453
+17%
Unrestricted Net Assets
$32,776,359
$34,913,549
+7%
Net assets
2023
2024
Change
Net assets
+$35,585,963
+$38,203,002
+7%
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