FIRST PRESBYTERIAN ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,746,409
Property, Plant, & Equipment (net)
64%
Cash & Equivalents
29%
Other Assets
5%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,579,060
Notes Payable / Debt (Non-Related)
57%
Deferred Revenue
31%
Payables & Accruals
11%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,929,218
$2,539,124
-13%
Receivables (Non-Related)
$28,438
$73,765
+159%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$132,582
$68,439
-48%
Investments
-
-
-
Property, Plant, & Equipment (net)
$4,824,294
$5,631,820
+17%
Other Assets
$761,766
$433,261
-43%
Total Assets
$8,676,298
$8,746,409
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$596,166
$518,557
-13%
Grants Payable
-
-
-
Deferred Revenue
$1,413,038
$1,440,503
+2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,620,000
$2,620,000
+0%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$4,629,204
$4,579,060
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$526,842
$404,446
-23%
Unrestricted Net Assets
$3,520,252
$3,762,903
+7%
Net assets
2023
2024
Change
Net assets
+$4,047,094
+$4,167,349
+3%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)