THE MCGILLIS SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$21,947,108
Property, Plant, & Equipment (net)
53%
Other Assets
28%
Cash & Equivalents
17%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,858,666
Deferred Revenue
39%
Notes Payable / Debt (Non-Related)
38%
Payables & Accruals
24%
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
$6,768,358
$3,737,720
-45%
Receivables (Non-Related)
$442,369
$272,503
-38%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$81,152
$214,633
+164%
Investments
-
-
-
Property, Plant, & Equipment (net)
$10,961,036
$11,632,743
+6%
Other Assets
$5,405,303
$6,089,509
+13%
Total Assets
$23,658,218
$21,947,108
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$719,766
$918,638
+28%
Grants Payable
-
-
-
Deferred Revenue
$4,217,174
$1,488,036
-65%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$529,161
$1,451,992
+174%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$5,466,101
$3,858,666
-29%
Net assets
2023
2024
Change
Restricted Net Assets
$7,244,799
$7,994,717
+10%
Unrestricted Net Assets
$10,947,318
$10,093,725
-8%
Net assets
2023
2024
Change
Net assets
+$18,192,117
+$18,088,442
-1%
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