NORTH HOUSE FOLK SCHOOL
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$9,452,642
Property, Plant, & Equipment (net)
69%
Cash & Equivalents
20%
Other Assets
5%
Receivables (Non-Related)
3%
Inventories
2%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,564,122
Deferred Revenue
57%
Notes Payable / Debt (Non-Related)
35%
Payables & Accruals
8%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,562,644
$1,931,215
-46%
Receivables (Non-Related)
$234,901
$320,270
+36%
Related-Party Receivables
-
-
-
Inventories
$107,303
$143,080
+33%
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,882,554
$6,546,517
+69%
Other Assets
$455,835
$511,560
+12%
Total Assets
$8,243,237
$9,452,642
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$126,748
$127,632
+1%
Grants Payable
-
-
-
Deferred Revenue
$716,146
$896,168
+25%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$555,732
$540,322
-3%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,398,626
$1,564,122
+12%
Net assets
2023
2024
Change
Restricted Net Assets
$2,757,371
$928,072
-66%
Unrestricted Net Assets
$4,087,240
$6,960,448
+70%
Net assets
2023
2024
Change
Net assets
+$6,844,611
+$7,888,520
+15%
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