SOUNDS ACADEMY
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$473,680
Cash & Equivalents
93%
Receivables (Non-Related)
7%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$29,449
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$301,395
$439,487
+46%
Receivables (Non-Related)
$81,977
$34,089
-58%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$261
$104
-60%
Other Assets
-
-
-
Total Assets
$383,633
$473,680
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$27,201
$29,449
+8%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$27,201
$29,449
+8%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$356,432
$444,231
+25%
Net assets
2023
2024
Change
Net assets
+$356,432
+$444,231
+25%
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