THE CLEVELAND MUSIC SCHOOL SETTLEMENT
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$22,041,950
Investments
68%
Property, Plant, & Equipment (net)
16%
Cash & Equivalents
12%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Inventories
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$601,636
Notes Payable / Debt (Non-Related)
59%
Payables & Accruals
34%
Deferred Revenue
4%
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
$2,211,573
$2,725,368
+23%
Receivables (Non-Related)
$4,149,433
$576,312
-86%
Related-Party Receivables
-
-
-
Inventories
$42,940
$45,487
+6%
Prepaid Expenses
$33,647
$81,556
+142%
Investments
$13,491,694
$14,976,391
+11%
Property, Plant, & Equipment (net)
$3,804,136
$3,619,777
-5%
Other Assets
$24,461
$17,059
-30%
Total Assets
$23,757,884
$22,041,950
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$194,893
$202,082
+4%
Grants Payable
-
-
-
Deferred Revenue
$27,249
$25,664
-6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$385,864
$356,831
-8%
Related-Party Payables
-
-
-
Other Liabilities
$24,461
$17,059
-30%
Total Liabilities
$632,467
$601,636
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$14,153,859
$15,855,211
+12%
Unrestricted Net Assets
$8,971,558
$5,585,103
-38%
Net assets
2023
2024
Change
Net assets
+$23,125,417
+$21,440,314
-7%
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