ACADEMY PREP CENTER OF LAKELAND INC
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$708,325
Property, Plant, & Equipment (net)
54%
Cash & Equivalents
38%
Investments
5%
Receivables (Non-Related)
2%
Other Assets
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$139,744
Payables & Accruals
69%
Other Liabilities
31%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$811,478
$270,187
-67%
Receivables (Non-Related)
$5,885
$14,325
+143%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$130,542
$33,890
-74%
Property, Plant, & Equipment (net)
$277,861
$380,064
+37%
Other Assets
$9,176
$9,859
+7%
Total Assets
$1,234,942
$708,325
-43%
Liabilities
2023
2024
Change
Payables & Accruals
$116,315
$96,366
-17%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$17,750
$43,378
+144%
Total Liabilities
$134,065
$139,744
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$761,366
$0
-100%
Unrestricted Net Assets
$339,511
$568,581
+67%
Net assets
2023
2024
Change
Net assets
+$1,100,877
+$568,581
-48%
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