VERMONT COUNCIL ON THE ARTS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,906,979
Cash & Equivalents
69%
Receivables (Non-Related)
22%
Investments
8%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$455,983
Grants Payable
76%
Other Liabilities
13%
Payables & Accruals
11%
Deferred Revenue
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
$3,003,524
$1,311,762
-56%
Receivables (Non-Related)
$484,771
$420,853
-13%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$20,375
$19,655
-4%
Investments
$150,999
$151,422
+0%
Property, Plant, & Equipment (net)
$8,150
$3,287
-60%
Other Assets
-
-
-
Total Assets
$3,667,819
$1,906,979
-48%
Liabilities
2023
2024
Change
Payables & Accruals
$17,477
$51,000
+192%
Grants Payable
$351,085
$344,516
-2%
Deferred Revenue
$1,960,424
$0
-100%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$56,135
$60,467
+8%
Total Liabilities
$2,385,121
$455,983
-81%
Net assets
2023
2024
Change
Restricted Net Assets
$619,739
$696,117
+12%
Unrestricted Net Assets
$662,959
$754,879
+14%
Net assets
2023
2024
Change
Net assets
+$1,282,698
+$1,450,996
+13%
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