EMPOWER SCHOOLS OF ALABAMA
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,795,486
Other Assets
66%
Receivables (Non-Related)
19%
Property, Plant, & Equipment (net)
13%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$6,642,842
Other Liabilities
92%
Payables & Accruals
4%
Notes Payable / Debt (Non-Related)
4%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$34,677
$84,134
+143%
Receivables (Non-Related)
$417,583
$1,516,893
+263%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$24,129
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$501,513
$1,048,234
+109%
Other Assets
$4,178,013
$5,122,096
+23%
Total Assets
$5,131,786
$7,795,486
+52%
Liabilities
2023
2024
Change
Payables & Accruals
$93,212
$257,558
+176%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$275,000
$253,034
-8%
Related-Party Payables
-
-
-
Other Liabilities
$4,511,337
$6,132,250
+36%
Total Liabilities
$4,879,549
$6,642,842
+36%
Net assets
2023
2024
Change
Restricted Net Assets
$145,764
$618,660
+324%
Unrestricted Net Assets
$106,473
$533,984
+402%
Net assets
2023
2024
Change
Net assets
+$252,237
+$1,152,644
+357%
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