INTERLOCHEN CENTER FOR THE ARTS
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$322,782,174
Investments
64%
Property, Plant, & Equipment (net)
25%
Cash & Equivalents
8%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$29,414,828
Tax-Exempt Bond Liabilities
86%
Payables & Accruals
11%
Other Liabilities
3%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$25,992,417
$25,932,786
0%
Receivables (Non-Related)
$16,451,064
$10,672,064
-35%
Related-Party Receivables
-
-
-
Inventories
$1,090,017
-
-
Prepaid Expenses
$810,625
$310,657
-62%
Investments
$181,920,129
$205,203,378
+13%
Property, Plant, & Equipment (net)
$85,775,282
$80,603,901
-6%
Other Assets
$1,042,325
$59,388
-94%
Total Assets
$313,081,859
$322,782,174
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$9,469,140
$3,373,889
-64%
Grants Payable
-
-
-
Deferred Revenue
$16,403,178
-
-
Tax-Exempt Bond Liabilities
$25,282,144
$25,292,859
+0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$452,051
$748,080
+65%
Total Liabilities
$51,606,513
$29,414,828
-43%
Net assets
2023
2024
Change
Restricted Net Assets
$86,399,293
$108,765,024
+26%
Unrestricted Net Assets
$175,076,053
$184,602,322
+5%
Net assets
2023
2024
Change
Net assets
+$261,475,346
+$293,367,346
+12%
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