SETTLEMENT MUSIC SCHOOL OF PHILADELPHIA
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$34,209,025
Property, Plant, & Equipment (net)
41%
Investments
40%
Receivables (Non-Related)
9%
Cash & Equivalents
5%
Other Assets
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$3,429,729
Notes Payable / Debt (Non-Related)
72%
Deferred Revenue
16%
Payables & Accruals
9%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,849,288
$1,742,286
-39%
Receivables (Non-Related)
$3,095,999
$3,194,462
+3%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$107,587
$108,762
+1%
Investments
$11,802,903
$13,764,672
+17%
Property, Plant, & Equipment (net)
$14,725,329
$14,002,412
-5%
Other Assets
$1,304,425
$1,396,431
+7%
Total Assets
$33,885,531
$34,209,025
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$254,431
$313,806
+23%
Grants Payable
-
-
-
Deferred Revenue
$352,995
$547,466
+55%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,683,372
$2,472,026
-8%
Related-Party Payables
-
-
-
Other Liabilities
$125,951
$96,431
-23%
Total Liabilities
$3,416,749
$3,429,729
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$13,762,774
$15,101,002
+10%
Unrestricted Net Assets
$16,706,008
$15,678,294
-6%
Net assets
2023
2024
Change
Net assets
+$30,468,782
+$30,779,296
+1%
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