Penland School Of Craft
Balance Sheet
Fiscal Year Start:
May 1
Assets in 2025 (Year End)
$81,567,394
Investments
65%
Property, Plant, & Equipment (net)
26%
Cash & Equivalents
7%
Receivables (Non-Related)
<1%
Inventories
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$3,545,334
Notes Payable / Debt (Non-Related)
45%
Deferred Revenue
41%
Payables & Accruals
14%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$7,000,926
$6,048,666
-14%
Receivables (Non-Related)
$177,794
$498,053
+180%
Related-Party Receivables
$0
$0
-
Inventories
$334,698
$332,091
-1%
Prepaid Expenses
$110,674
$80,343
-27%
Investments
$49,664,267
$53,036,242
+7%
Property, Plant, & Equipment (net)
$22,434,414
$21,564,084
-4%
Other Assets
$10,211
$7,915
-22%
Total Assets
$79,732,984
$81,567,394
+2%
Liabilities
2024
2025
Change
Payables & Accruals
$700,475
$513,154
-27%
Grants Payable
-
-
-
Deferred Revenue
$2,036,084
$1,445,185
-29%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,628,139
$1,586,995
-3%
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$4,364,698
$3,545,334
-19%
Net assets
2024
2025
Change
Restricted Net Assets
-
$51,531,190
-
Unrestricted Net Assets
-
$26,490,870
-
Net assets
2024
2025
Change
Net assets
+$75,368,286
+$78,022,060
+4%
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