COMMUNITY SCHOOL OF MUSIC AND ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$20,245,712
Property, Plant, & Equipment (net)
66%
Other Assets
12%
Investments
10%
Cash & Equivalents
10%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$4,551,338
Other Liabilities
56%
Deferred Revenue
29%
Payables & Accruals
13%
Related-Party Payables
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,334,037
$1,948,970
-16%
Receivables (Non-Related)
$254,538
$376,681
+48%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$98,480
$93,580
-5%
Investments
$1,806,681
$2,024,413
+12%
Property, Plant, & Equipment (net)
$13,545,105
$13,330,898
-2%
Other Assets
$2,523,484
$2,471,170
-2%
Total Assets
$20,562,325
$20,245,712
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$402,221
$584,762
+45%
Grants Payable
-
-
-
Deferred Revenue
$1,199,778
$1,338,181
+12%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$100,000
$100,000
+0%
Other Liabilities
$2,539,405
$2,528,395
0%
Total Liabilities
$4,241,404
$4,551,338
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$1,550,325
$1,681,098
+8%
Unrestricted Net Assets
$14,770,596
$14,013,276
-5%
Net assets
2023
2024
Change
Net assets
+$16,320,921
+$15,694,374
-4%
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