Flint Institute of Music
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2025 (Year End)
$39,000,046
Investments
68%
Property, Plant, & Equipment (net)
15%
Cash & Equivalents
8%
Other Assets
4%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$1,746,603
Payables & Accruals
60%
Deferred Revenue
37%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$2,036,916
$2,947,059
+45%
Receivables (Non-Related)
$1,087,705
$1,503,745
+38%
Related-Party Receivables
-
-
-
Inventories
$48,562
$37,045
-24%
Prepaid Expenses
$352,435
$227,276
-36%
Investments
$27,715,371
$26,660,986
-4%
Property, Plant, & Equipment (net)
$5,823,899
$5,874,005
+1%
Other Assets
$1,767,678
$1,749,930
-1%
Total Assets
$38,832,566
$39,000,046
+0%
Liabilities
2024
2025
Change
Payables & Accruals
$816,334
$1,053,791
+29%
Grants Payable
-
-
-
Deferred Revenue
$442,424
$639,376
+45%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$111,255
$53,436
-52%
Total Liabilities
$1,370,013
$1,746,603
+27%
Net assets
2024
2025
Change
Restricted Net Assets
$30,540,493
$29,350,642
-4%
Unrestricted Net Assets
$6,922,060
$7,902,801
+14%
Net assets
2024
2025
Change
Net assets
+$37,462,553
+$37,253,443
-1%
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