CURTIS INSTITUTE OF MUSIC
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$385,338,043
Investments
60%
Property, Plant, & Equipment (net)
27%
Receivables (Non-Related)
12%
Cash & Equivalents
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$4,620,861
Payables & Accruals
50%
Other Liabilities
46%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,718,767
$4,967,019
+5%
Receivables (Non-Related)
$54,520,641
$45,514,896
-17%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$830,564
$451,895
-46%
Investments
$206,852,115
$229,481,718
+11%
Property, Plant, & Equipment (net)
$101,050,600
$103,094,646
+2%
Other Assets
$1,870,655
$1,827,869
-2%
Total Assets
$369,843,342
$385,338,043
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$1,560,919
$2,294,838
+47%
Grants Payable
-
-
-
Deferred Revenue
$153,973
$196,297
+27%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,842,611
$2,129,726
+16%
Total Liabilities
$3,557,503
$4,620,861
+30%
Net assets
2023
2024
Change
Restricted Net Assets
$235,430,712
$248,315,673
+5%
Unrestricted Net Assets
$130,855,127
$132,401,509
+1%
Net assets
2023
2024
Change
Net assets
+$366,285,839
+$380,717,182
+4%
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