SMITH ACADEMY FOR EXCELLENCE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$3,112,756
Property, Plant, & Equipment (net)
87%
Cash & Equivalents
9%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$157,000
Deferred Revenue
59%
Payables & Accruals
41%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$250,719
$294,318
+17%
Receivables (Non-Related)
$455,454
$94,144
-79%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$6,441
$7,409
+15%
Investments
-
-
-
Property, Plant, & Equipment (net)
$536,679
$2,716,885
+406%
Other Assets
-
-
-
Total Assets
$1,249,293
$3,112,756
+149%
Liabilities
2023
2024
Change
Payables & Accruals
$57,669
$63,977
+11%
Grants Payable
-
-
-
Deferred Revenue
$21,404
$93,023
+335%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$79,073
$157,000
+99%
Net assets
2023
2024
Change
Restricted Net Assets
$687,796
$557,737
-19%
Unrestricted Net Assets
$482,424
$2,398,019
+397%
Net assets
2023
2024
Change
Net assets
+$1,170,220
+$2,955,756
+153%
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