THIRD FUTURE SCHOOLS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$67,246,511
Receivables (Non-Related)
44%
Other Assets
32%
Property, Plant, & Equipment (net)
23%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$87,539,419
Other Liabilities
50%
Payables & Accruals
33%
Tax-Exempt Bond Liabilities
10%
Notes Payable / Debt (Non-Related)
6%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,147,878
$746,994
-65%
Receivables (Non-Related)
$1,285,669
$29,257,315
+2176%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$79,688
$119,206
+50%
Investments
-
-
-
Property, Plant, & Equipment (net)
$16,817,364
$15,426,696
-8%
Other Assets
$19,850,883
$21,696,300
+9%
Total Assets
$40,181,482
$67,246,511
+67%
Liabilities
2023
2024
Change
Payables & Accruals
$861,553
$29,229,468
+3293%
Grants Payable
$47,490
-
-
Deferred Revenue
$169,208
$405,649
+140%
Tax-Exempt Bond Liabilities
$14,598,475
$8,461,514
-42%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,293,086
$5,673,699
+339%
Related-Party Payables
-
-
-
Other Liabilities
$39,151,173
$43,769,089
+12%
Total Liabilities
$56,120,985
$87,539,419
+56%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
-$15,939,503
-$20,292,908
-27%
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