Spectrum Academy
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$48,198,291
Property, Plant, & Equipment (net)
69%
Cash & Equivalents
30%
Receivables (Non-Related)
<1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2025 (Year End)
$40,723,795
Tax-Exempt Bond Liabilities
79%
Payables & Accruals
10%
Other Liabilities
8%
Notes Payable / Debt (Non-Related)
3%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$13,011,925
$14,259,778
+10%
Receivables (Non-Related)
$450,335
$285,443
-37%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$89,625
$3,599
-96%
Investments
-
-
-
Property, Plant, & Equipment (net)
$34,519,536
$33,470,704
-3%
Other Assets
$185,341
$178,767
-4%
Total Assets
$48,256,762
$48,198,291
0%
Liabilities
2024
2025
Change
Payables & Accruals
$3,839,460
$4,033,713
+5%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
$32,785,000
$32,090,000
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,351,585
$1,261,982
-7%
Related-Party Payables
-
-
-
Other Liabilities
$3,488,919
$3,338,100
-4%
Total Liabilities
$41,464,964
$40,723,795
-2%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$6,791,798
$7,474,496
+10%
Net assets
2024
2025
Change
Net assets
+$6,791,798
+$7,474,496
+10%
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