AMERICAN ACADEMY OF ARTS & SCIENCES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$125,193,466
Investments
61%
Other Assets
12%
Cash & Equivalents
11%
Property, Plant, & Equipment (net)
9%
Receivables (Non-Related)
7%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,237,456
Payables & Accruals
51%
Notes Payable / Debt (Non-Related)
49%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$12,026,509
$13,728,109
+14%
Receivables (Non-Related)
$13,172,689
$8,274,462
-37%
Related-Party Receivables
-
-
-
Inventories
$12,172
$8,154
-33%
Prepaid Expenses
$276,255
$329,418
+19%
Investments
$70,172,197
$76,391,878
+9%
Property, Plant, & Equipment (net)
$11,701,796
$10,951,136
-6%
Other Assets
$15,268,690
$15,510,309
+2%
Total Assets
$122,630,308
$125,193,466
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,215,792
$1,638,457
+35%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,799,423
$1,598,999
-11%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$3,015,215
$3,237,456
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$82,381,515
$85,346,864
+4%
Unrestricted Net Assets
$37,233,578
$36,609,146
-2%
Net assets
2023
2024
Change
Net assets
+$119,615,093
+$121,956,010
+2%
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