MERIT SCHOOL OF MUSIC
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$42,968,720
Investments
55%
Property, Plant, & Equipment (net)
19%
Receivables (Non-Related)
13%
Cash & Equivalents
12%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,437,636
Deferred Revenue
72%
Payables & Accruals
27%
Other Liabilities
<1%
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
$5,072,555
$5,266,078
+4%
Receivables (Non-Related)
$4,100,834
$5,762,382
+41%
Related-Party Receivables
$0
$0
-
Inventories
$15,043
$13,435
-11%
Prepaid Expenses
$103,082
$66,097
-36%
Investments
$18,758,204
$23,552,319
+26%
Property, Plant, & Equipment (net)
$7,949,770
$8,308,409
+5%
Other Assets
-
-
-
Total Assets
$35,999,488
$42,968,720
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$291,596
$386,436
+33%
Grants Payable
-
-
-
Deferred Revenue
$954,330
$1,041,867
+9%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$9,643
$9,333
-3%
Total Liabilities
$1,255,569
$1,437,636
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$12,182,313
$14,348,054
+18%
Unrestricted Net Assets
$22,561,606
$27,183,030
+20%
Net assets
2023
2024
Change
Net assets
+$34,743,919
+$41,531,084
+20%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)