BalanceSheetQ22022.xls

	A	B	C
1	The Founders Academy
2	Balance Sheet As On 12/31/2022
3	Group1	Description	Balance

4	ASSET	Current Assets	1,878,900.04
5	ASSET	Paypal Asset	38.80
6	ASSET	A/R	1,055,767.83
7	ASSET	Primary Bank Checking Acct	50,242.28
8	ASSET	Primary Bank Money Market Acct	726,366.05
9	ASSET	Primary Bank School Store Checking Account	12,191.49
10	ASSET	Primary Bank PTSG Checking Account	6,489.06
11	ASSET	Prepaid Insurance/Expenses	27,804.53
12	ASSET	Fixed Assets	1,203,159.00
13	ASSET	Equipment	181,151.70
14	ASSET	Computer and Software	258,456.63
15	ASSET	Computer and Software Depreciation	-177,235.49
16	ASSET	Furniture	223,002.03
17	ASSET	Building Improvements	859,773.25
18	ASSET	Books and Materials	74,156.87
19	ASSET	Equipment Depreciation	-137,844.67
20	ASSET	Furniture Depreciation	-108,361.57
21	ASSET	Books and Materials Depreciation	-15,332.80
22	ASSET	Building Improvements Depreciation	-57,057.38
23	ASSET	Leasehold Improvements Depreciation	-31,131.14
24	ASSET	Leasehold Improvements	133,581.57
25	TOTAL ASSET		3,082,059.04
26	LIABILITY	Current Liability	1,119,642.36
27	LIABILITY	AP - Vendors	108,771.59
28	LIABILITY	Accrued Liabilitties	12,403.93
29	LIABILITY	Private Loan	445,342.86
30	LIABILITY	Deferred Revenue	553,123.98
31	LIABILITY	Reserves & Surplus	1,962,416.68
32	LIABILITY	(School Fund)	1,962,416.68
33	TOTAL LIABILITY		3,082,059.04
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100