SOUTH SHORE CONSERVATORY OF MUSIC INC
SOUTH SHORE CONSERVATORY OF MUSIC INC
SOUTH SHORE CONSERVATORY OF MUSIC INC
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$6,304,554
Property, Plant, & Equipment (net)
55%
Investments
34%
Cash & Equivalents
6%
Receivables (Non-Related)
3%
Other Assets
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$3,039,232
Notes Payable / Debt (Non-Related)
72%
Deferred Revenue
20%
Payables & Accruals
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
$911,609
$392,809
-57%
Receivables (Non-Related)
$114,322
$179,583
+57%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,362
$222
-96%
Investments
$1,936,654
$2,155,360
+11%
Property, Plant, & Equipment (net)
$3,677,082
$3,496,918
-5%
Other Assets
$89,729
$79,662
-11%
Total Assets
$6,734,758
$6,304,554
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$202,963
$235,974
+16%
Grants Payable
-
-
-
Deferred Revenue
$480,884
$610,801
+27%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,292,083
$2,173,765
-5%
Related-Party Payables
-
-
-
Other Liabilities
$28,759
$18,692
-35%
Total Liabilities
$3,004,689
$3,039,232
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$2,124,289
$2,437,452
+15%
Unrestricted Net Assets
$1,605,780
$827,870
-48%
Net assets
2023
2024
Change
Net assets
+$3,730,069
+$3,265,322
-12%
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