NEW ENGLAND CONSERVATORY OF MUSIC
NEW ENGLAND CONSERVATORY OF MUSIC
NEW ENGLAND CONSERVATORY OF MUSIC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$290,282,506
Investments
57%
Property, Plant, & Equipment (net)
33%
Receivables (Non-Related)
8%
Other Assets
1%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$43,214,974
Tax-Exempt Bond Liabilities
67%
Notes Payable / Debt (Non-Related)
16%
Payables & Accruals
9%
Other Liabilities
6%
Deferred Revenue
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,746,205
$1,025,985
-78%
Receivables (Non-Related)
$16,674,100
$24,270,232
+46%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$602,439
$312,172
-48%
Investments
$150,989,507
$164,487,681
+9%
Property, Plant, & Equipment (net)
$100,442,643
$96,504,430
-4%
Other Assets
$3,066,817
$3,682,006
+20%
Total Assets
$276,521,711
$290,282,506
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$3,044,605
$3,746,513
+23%
Grants Payable
-
-
-
Deferred Revenue
$1,145,212
$1,299,188
+13%
Tax-Exempt Bond Liabilities
$30,098,452
$28,780,104
-4%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,758,222
$6,807,675
+1%
Related-Party Payables
-
-
-
Other Liabilities
$2,527,206
$2,581,494
+2%
Total Liabilities
$43,573,697
$43,214,974
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$158,007,245
$178,197,244
+13%
Unrestricted Net Assets
$74,940,769
$68,870,288
-8%
Net assets
2023
2024
Change
Net assets
+$232,948,014
+$247,067,532
+6%
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