HERBIE HANCOCK INSTITUTE OF JAZZ
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,475,133
Receivables (Non-Related)
60%
Prepaid Expenses
17%
Cash & Equivalents
12%
Other Assets
11%
Property, Plant, & Equipment (net)
<1%
Investments
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,695,935
Related-Party Payables
35%
Payables & Accruals
33%
Other Liabilities
23%
Notes Payable / Debt (Non-Related)
9%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$15,076
$414,193
+2647%
Receivables (Non-Related)
$2,957,584
$2,089,106
-29%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$300,000
$600,000
+100%
Investments
$1,790
$1,541
-14%
Property, Plant, & Equipment (net)
$3,208
$3,676
+15%
Other Assets
$558,056
$366,617
-34%
Total Assets
$3,835,714
$3,475,133
-9%
Liabilities
2023
2024
Change
Payables & Accruals
$638,336
$555,819
-13%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$174,025
$150,000
-14%
Related-Party Payables
$458,244
$594,744
+30%
Other Liabilities
$605,464
$395,372
-35%
Total Liabilities
$1,876,069
$1,695,935
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$1,654,791
$1,876,135
+13%
Unrestricted Net Assets
$304,854
-$96,937
-132%
Net assets
2023
2024
Change
Net assets
+$1,959,645
+$1,779,198
-9%
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