MUSICARES FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$33,769,868
Investments
78%
Cash & Equivalents
19%
Receivables (Non-Related)
2%
Other Assets
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,084,236
Payables & Accruals
72%
Other Liabilities
20%
Deferred Revenue
9%
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
$4,408,257
$6,468,418
+47%
Receivables (Non-Related)
$1,803,685
$839,501
-53%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$83,838
$110,901
+32%
Investments
$23,555,094
$26,180,907
+11%
Property, Plant, & Equipment (net)
$62,470
$51,682
-17%
Other Assets
$139,616
$118,459
-15%
Total Assets
$30,052,960
$33,769,868
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$668,286
$776,551
+16%
Grants Payable
-
-
-
Deferred Revenue
$106,733
$92,189
-14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$116,167
$215,496
+86%
Total Liabilities
$891,186
$1,084,236
+22%
Net assets
2023
2024
Change
Restricted Net Assets
$483,549
$0
-100%
Unrestricted Net Assets
$28,678,225
$32,685,632
+14%
Net assets
2023
2024
Change
Net assets
+$29,161,774
+$32,685,632
+12%
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