Elevate Academy
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$18,140,106
Property, Plant, & Equipment (net)
64%
Cash & Equivalents
26%
Other Assets
9%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2025 (Year End)
$16,503,893
Notes Payable / Debt (Non-Related)
70%
Other Liabilities
27%
Payables & Accruals
3%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$4,192,710
$4,680,682
+12%
Receivables (Non-Related)
$593,401
$370,280
-38%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$364
$364
+0%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$11,499,123
$11,534,954
+0%
Other Assets
$1,968,161
$1,553,826
-21%
Total Assets
$18,253,759
$18,140,106
-1%
Liabilities
2024
2025
Change
Payables & Accruals
$414,020
$461,197
+11%
Grants Payable
-
-
-
Deferred Revenue
$25,400
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$11,801,440
$11,628,413
-1%
Related-Party Payables
-
-
-
Other Liabilities
$3,657,463
$4,414,283
+21%
Total Liabilities
$15,898,323
$16,503,893
+4%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$2,355,436
$1,636,213
-31%
Net assets
2024
2025
Change
Net assets
+$2,355,436
+$1,636,213
-31%
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