Cornish College of the Arts
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2025 (Year End)
$72,401,541
Property, Plant, & Equipment (net)
70%
Other Assets
15%
Investments
12%
Receivables (Non-Related)
2%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$26,688,723
Other Liabilities
47%
Notes Payable / Debt (Non-Related)
30%
Tax-Exempt Bond Liabilities
16%
Payables & Accruals
6%
Deferred Revenue
1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,791,554
$465,092
-74%
Receivables (Non-Related)
$3,390,740
$1,357,855
-60%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$393,800
$307,037
-22%
Investments
$7,791,893
$8,610,992
+11%
Property, Plant, & Equipment (net)
$52,815,958
$50,878,591
-4%
Other Assets
$11,486,895
$10,781,974
-6%
Total Assets
$77,670,840
$72,401,541
-7%
Liabilities
2024
2025
Change
Payables & Accruals
$1,587,584
$1,681,581
+6%
Grants Payable
-
-
-
Deferred Revenue
$247,018
$269,554
+9%
Tax-Exempt Bond Liabilities
$8,323,000
$4,223,000
-49%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,593,523
$7,905,213
+4%
Related-Party Payables
-
-
-
Other Liabilities
$13,394,849
$12,609,375
-6%
Total Liabilities
$31,145,974
$26,688,723
-14%
Net assets
2024
2025
Change
Restricted Net Assets
$10,904,998
$9,696,992
-11%
Unrestricted Net Assets
$35,619,868
$36,015,826
+1%
Net assets
2024
2025
Change
Net assets
+$46,524,866
+$45,712,818
-2%
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