OLD TOWN SCHOOL OF FOLK MUSIC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$26,666,761
Property, Plant, & Equipment (net)
57%
Investments
24%
Cash & Equivalents
14%
Receivables (Non-Related)
2%
Inventories
1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,504,408
Deferred Revenue
69%
Payables & Accruals
29%
Other Liabilities
2%
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
$5,687,146
$3,841,337
-32%
Receivables (Non-Related)
$936,873
$535,514
-43%
Related-Party Receivables
-
-
-
Inventories
$362,018
$338,524
-6%
Prepaid Expenses
$127,681
$85,409
-33%
Investments
$4,710,217
$6,503,889
+38%
Property, Plant, & Equipment (net)
$15,106,525
$15,325,245
+1%
Other Assets
$53,847
$36,843
-32%
Total Assets
$26,984,307
$26,666,761
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$500,808
$732,407
+46%
Grants Payable
-
-
-
Deferred Revenue
$1,583,199
$1,734,232
+10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$54,457
$37,769
-31%
Total Liabilities
$2,138,464
$2,504,408
+17%
Net assets
2023
2024
Change
Restricted Net Assets
$2,564,122
$2,971,553
+16%
Unrestricted Net Assets
$22,281,721
$21,190,800
-5%
Net assets
2023
2024
Change
Net assets
+$24,845,843
+$24,162,353
-3%
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