THE LAURENCE SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$53,608,085
Property, Plant, & Equipment (net)
50%
Investments
37%
Cash & Equivalents
9%
Other Assets
3%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$15,834,924
Tax-Exempt Bond Liabilities
61%
Deferred Revenue
19%
Other Liabilities
13%
Payables & Accruals
7%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,700,612
$4,707,302
+74%
Receivables (Non-Related)
$154,340
$564,129
+266%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$270,018
$163,720
-39%
Investments
$19,082,335
$19,985,376
+5%
Property, Plant, & Equipment (net)
$26,949,236
$26,695,220
-1%
Other Assets
$1,225,990
$1,492,338
+22%
Total Assets
$50,382,531
$53,608,085
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$1,005,685
$1,054,692
+5%
Grants Payable
-
-
-
Deferred Revenue
$3,662,754
$3,086,975
-16%
Tax-Exempt Bond Liabilities
$9,882,323
$9,640,677
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,926,568
$2,052,580
+7%
Total Liabilities
$16,477,330
$15,834,924
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$3,018,776
$5,126,546
+70%
Unrestricted Net Assets
$30,886,425
$32,646,615
+6%
Net assets
2023
2024
Change
Net assets
+$33,905,201
+$37,773,161
+11%
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