Unaudited 2012-2013 Financial Statement
Balance Sheet as of June 30, 2013
Statement of Revenue and Expense for the year ending June 30, 2013
Assets
Revenue
Current Assets
Cash and Cash Equivalents
Petty Cash
Due from Related Organizations
Accounts Receivable
Prepaid Expense
Total Current Assets
Fixed Assets
Furniture and Fixtures
Computers and Software
Equipment
Capital Lease
Equipment / Auto
Leasehold Improvements
Construction-In-Progress
Accumulated Dep.
Total Fixed Assets
Other Assets
457 Plan Assets
Facility Repair and Improvement
Deposits
Total Other Assets
Total Assets
13,647,933
5,010
142,506
1,832
321,202
14,118,483
548,180
2,220,481
690,516
157,145
162,301
7,952,092
4,004,938
(5,561,900)
10,173,754
973,278
692,653
146,569
1,812,500
26,104,737
Liabilities and Net Assets
Liabilities
Current Liabilities
Accounts Payable
Accrued Expenses
Employee Benefits and Withholdings Payable
Deferred Revenue
Insurance Payable
Total Current Liabilities
Long Term Liabilities
Deffered Rent
Capital Lease Obligations
457 Plan Liabilities
Total Long Term Liabilities
Total Liabilities
Net Assets
Unrestricted Net Assets
Temporarily Restricted Net Assets
Total Total Net Assets
Total Liabilities and Net Assets
Total Revenue
Charter Per Pupil Allotment
Grant Income
Culinary Sales
ID Card Fees
Class Cost Fees
Miscellaneous Income
Donated Services/Equipment
Interest/Dividends Income
Total Revenue
Total Revenue
Expenses
17,676,020
132,551
309,857
93,089
58,334
9,500
36,085
(2,453)
18,312,984
18,312,984
Personnel Expenses
Total Personnel Expenses
1,926,046
2,281,009
31,181
973,278
2,645,003
4,571,049
21,486,601
47,087
21,533,688
26,104,737
9,778,068
Direct Student Costs
297,943
163,169
24,857
23,870
95,421
76,963
7,768
Supplies & Materials
Food
Student Assessment
Transportation
Student Activities
Other Student Costs
Contracted Instruction Fees
Total Direct Student Costs
689,991
Occupancy Expense
3,167,790
633,670
16,484
Rent
Contracted Building Services
Other Expenses
Total Occupancy Expense
3,817,944
Office Expense
178,340
129,681
4,509
127,783
13,671
Office Supplies
Equipment Rent & Maintenance
Postage & Delivery
Telephone Expense
Printing & Copying
Total Office Expense
General Expense
607,023
472,009
40,913
29,820
135,816
7,728,084
1,897,990
151,994
Salaries
Fringe Benefits
Professional Development
453,984
Insurance
Accounting, Audit, Payroll
Other Professional & Fundraising Fees
Dues, Fees, Licenses, and Fine
Other General Expenses
Legal
Depreciation
Administrative fee
Total General Expense
Total Expenses
130,896
137,911
204,529
4,064
163,064
41,926
932,996
97,964
1,713,350
16,453,337
Total Expenses
16,453,337
Excess or (Deficiency) of
Revenue Over Expenses
1,859,646
53