ISLAND SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$20,169,978
Property, Plant, & Equipment (net)
68%
Cash & Equivalents
23%
Investments
8%
Other Assets
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,282,549
Deferred Revenue
83%
Payables & Accruals
8%
Notes Payable / Debt (Non-Related)
8%
Other Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,963,752
$4,548,180
-8%
Receivables (Non-Related)
$4,125,302
$74,824
-98%
Related-Party Receivables
-
-
-
Inventories
$7,639
$11,713
+53%
Prepaid Expenses
$49,764
$80,427
+62%
Investments
$1,561,603
$1,554,725
0%
Property, Plant, & Equipment (net)
$12,977,822
$13,738,574
+6%
Other Assets
$668,074
$161,535
-76%
Total Assets
$24,353,956
$20,169,978
-17%
Liabilities
2023
2024
Change
Payables & Accruals
$555,615
$269,486
-51%
Grants Payable
-
-
-
Deferred Revenue
$7,186,506
$2,716,566
-62%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$347,875
$254,706
-27%
Related-Party Payables
-
-
-
Other Liabilities
$139,119
$41,791
-70%
Total Liabilities
$8,229,115
$3,282,549
-60%
Net assets
2023
2024
Change
Restricted Net Assets
$519,349
$930,969
+79%
Unrestricted Net Assets
$15,605,492
$15,956,460
+2%
Net assets
2023
2024
Change
Net assets
+$16,124,841
+$16,887,429
+5%
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