SCHOOL OF ARTS AND CULTURE AT MHP
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$17,629,356
Other Assets
60%
Property, Plant, & Equipment (net)
27%
Cash & Equivalents
11%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,657,467
Other Liabilities
57%
Payables & Accruals
38%
Deferred Revenue
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,904,348
$1,945,418
-33%
Receivables (Non-Related)
$482,193
$424,478
-12%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$24,439
$55,837
+128%
Investments
-
-
-
Property, Plant, & Equipment (net)
$4,635,599
$4,692,233
+1%
Other Assets
$9,923,476
$10,511,390
+6%
Total Assets
$17,970,055
$17,629,356
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$518,979
$1,392,584
+168%
Grants Payable
-
-
-
Deferred Revenue
$161,244
$196,883
+22%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,038,000
$2,068,000
+1%
Total Liabilities
$2,718,223
$3,657,467
+35%
Net assets
2023
2024
Change
Restricted Net Assets
$4,636,578
$3,992,889
-14%
Unrestricted Net Assets
$10,615,254
$9,979,000
-6%
Net assets
2023
2024
Change
Net assets
+$15,251,832
+$13,971,889
-8%
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