Hartford Gay Mens Chorus Inc

“A portion of the organization's net loss for fiscal year ending june 30, 2025 is due to a change in accounting for revenue received that is attributable to a specific event or expenditure. Prior to fy25, the organization recognized revenue when received, however, expenses associated with the purpose of the revenue were incurred in a future fiscal year. In order to better match revenue received and expenses incurred, the organization began recording deferred revenue on the balance sheet in fy25. Revenue will be recognized in the income statement in the year expenses are incurred.”

“Expenses advertising 5,236 bank and admin 5,204 production expense 48,409 office 1,410 insurance 3,470 storage 3,003 dues and subscriptions 434 development 17,356 sales tax 151 stipend 17,315 retreat 1,954 technology 4,794 conferences and meetings 42,677 rehearsal space 2,000 professional development 300 po box rental 300 miscellaneous 484 total 154,497”

“Prepaid expenses and deferred charges 4,120 2,850 total 4,120 2,850”

“Accounts payable and accrued expenses 0 49 deferred revenue 0 15,795”

“The hartford gay men's chorus will use music as a catalyst to inspire and enrich the lives of our members, patrons and community.”

“Costs associated with attending gala festival for members. Costs include festival, registration fees, airfare and hotel.”