CLEVELAND INSTITUTE OF MUSIC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$152,914,752
Investments
46%
Property, Plant, & Equipment (net)
39%
Cash & Equivalents
8%
Receivables (Non-Related)
7%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$45,083,906
Tax-Exempt Bond Liabilities
93%
Payables & Accruals
7%
Other Liabilities
<1%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,611,245
$12,008,791
+13%
Receivables (Non-Related)
$7,254,938
$10,280,824
+42%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$237,889
$186,113
-22%
Investments
$64,765,959
$71,064,946
+10%
Property, Plant, & Equipment (net)
$60,100,806
$59,374,078
-1%
Other Assets
-
-
-
Total Assets
$142,970,837
$152,914,752
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$1,234,773
$2,948,330
+139%
Grants Payable
-
-
-
Deferred Revenue
$31,712
$68,895
+117%
Tax-Exempt Bond Liabilities
$43,466,682
$41,898,014
-4%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$335,638
$168,667
-50%
Total Liabilities
$45,068,805
$45,083,906
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$38,747,884
$42,785,524
+10%
Unrestricted Net Assets
$59,154,148
$65,045,322
+10%
Net assets
2023
2024
Change
Net assets
+$97,902,032
+$107,830,846
+10%
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