RHODE ISLAND ARTS FOUNDATION AT NEWPORT
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$3,261,002
Investments
56%
Cash & Equivalents
27%
Other Assets
11%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$520,973
Other Liabilities
71%
Deferred Revenue
17%
Payables & Accruals
13%
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
$867,873
$872,688
+1%
Receivables (Non-Related)
$15,000
$15,900
+6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$24,162
$31,579
+31%
Investments
$1,323,079
$1,831,878
+38%
Property, Plant, & Equipment (net)
$116,864
$141,299
+21%
Other Assets
$380,748
$367,658
-3%
Total Assets
$2,727,726
$3,261,002
+20%
Liabilities
2023
2024
Change
Payables & Accruals
$54,971
$66,870
+22%
Grants Payable
-
-
-
Deferred Revenue
$38,190
$86,445
+126%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$380,748
$367,658
-3%
Total Liabilities
$473,909
$520,973
+10%
Net assets
2023
2024
Change
Restricted Net Assets
$118,493
$172,500
+46%
Unrestricted Net Assets
$2,135,324
$2,567,529
+20%
Net assets
2023
2024
Change
Net assets
+$2,253,817
+$2,740,029
+22%
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