LEGACY CHRISTIAN ACADEMY INC
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$57,646,699
Property, Plant, & Equipment (net)
72%
Cash & Equivalents
18%
Investments
7%
Prepaid Expenses
2%
Receivables (Non-Related)
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$30,118,484
Deferred Revenue
52%
Notes Payable / Debt (Non-Related)
44%
Payables & Accruals
3%
Other Liabilities
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,168,889
$10,264,633
+66%
Receivables (Non-Related)
$553,500
$496,184
-10%
Related-Party Receivables
-
-
-
Inventories
$16,912
$8,623
-49%
Prepaid Expenses
$631,307
$873,872
+38%
Investments
$5,937,173
$4,225,741
-29%
Property, Plant, & Equipment (net)
$41,537,657
$41,331,054
0%
Other Assets
$266,843
$446,592
+67%
Total Assets
$55,112,281
$57,646,699
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$730,031
$759,629
+4%
Grants Payable
-
-
-
Deferred Revenue
$14,055,452
$15,663,103
+11%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$15,583,129
$13,243,604
-15%
Related-Party Payables
-
-
-
Other Liabilities
-
$452,148
-
Total Liabilities
$30,368,612
$30,118,484
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$655,479
$1,064,406
+62%
Unrestricted Net Assets
$24,088,190
$26,463,809
+10%
Net assets
2023
2024
Change
Net assets
+$24,743,669
+$27,528,215
+11%
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