THE LINCOLN ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$48,780,980
Property, Plant, & Equipment (net)
96%
Cash & Equivalents
3%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$404,879
Payables & Accruals
>99%
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%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,056,450
$1,495,772
+42%
Receivables (Non-Related)
$372,708
$540,089
+45%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$118,653
$4,758
-96%
Investments
-
-
-
Property, Plant, & Equipment (net)
$43,940,938
$46,740,361
+6%
Other Assets
-
-
-
Total Assets
$45,488,749
$48,780,980
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$1,497,489
$404,879
-73%
Grants Payable
-
-
-
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,497,489
$404,879
-73%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$43,991,260
$48,376,101
+10%
Net assets
2023
2024
Change
Net assets
+$43,991,260
+$48,376,101
+10%
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