PENLAND SCHOOL OF CRAFT
Balance Sheet
Fiscal Year Start:
May 1
Assets in 2024 (Year End)
$79,732,984
Investments
62%
Property, Plant, & Equipment (net)
28%
Cash & Equivalents
9%
Inventories
<1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$4,364,698
Deferred Revenue
47%
Notes Payable / Debt (Non-Related)
37%
Payables & Accruals
16%
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
$7,621,929
$7,000,926
-8%
Receivables (Non-Related)
$273,754
$177,794
-35%
Related-Party Receivables
-
$0
-
Inventories
$295,904
$334,698
+13%
Prepaid Expenses
$144,128
$110,674
-23%
Investments
$46,802,295
$49,664,267
+6%
Property, Plant, & Equipment (net)
$22,140,588
$22,434,414
+1%
Other Assets
$26,260
$10,211
-61%
Total Assets
$77,304,858
$79,732,984
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$709,348
$700,475
-1%
Grants Payable
-
-
-
Deferred Revenue
$2,046,444
$2,036,084
-1%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,702,898
$1,628,139
-4%
Related-Party Payables
-
$0
-
Other Liabilities
-
$0
-
Total Liabilities
$4,458,690
$4,364,698
-2%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$72,846,168
+$75,368,286
+3%
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