REACH ACADEMY CHARTER SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$23,265,410
Property, Plant, & Equipment (net)
69%
Cash & Equivalents
13%
Receivables (Non-Related)
11%
Other Assets
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$20,191,729
Notes Payable / Debt (Non-Related)
77%
Payables & Accruals
13%
Other Liabilities
8%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,452,904
$3,128,832
+28%
Receivables (Non-Related)
$2,067,011
$2,657,823
+29%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$206,621
$164,620
-20%
Investments
-
-
-
Property, Plant, & Equipment (net)
$7,466,511
$16,062,915
+115%
Other Assets
$1,626,510
$1,251,220
-23%
Total Assets
$13,819,557
$23,265,410
+68%
Liabilities
2023
2024
Change
Payables & Accruals
$2,170,534
$2,654,276
+22%
Grants Payable
-
-
-
Deferred Revenue
$175,000
$325,991
+86%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,499,778
$15,588,476
+183%
Related-Party Payables
-
-
-
Other Liabilities
$2,122,189
$1,622,986
-24%
Total Liabilities
$9,967,501
$20,191,729
+103%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$3,852,056
$3,073,681
-20%
Net assets
2023
2024
Change
Net assets
+$3,852,056
+$3,073,681
-20%
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