ISLIP ARTS COUNCIL INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$59,797
Receivables (Non-Related)
69%
Cash & Equivalents
31%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$43,983
Payables & Accruals
82%
Related-Party Payables
10%
Other Liabilities
7%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,048
$18,538
+207%
Receivables (Non-Related)
$31,440
$41,259
+31%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$37,488
$59,797
+60%
Liabilities
2023
2024
Change
Payables & Accruals
$42,770
$36,155
-15%
Grants Payable
-
-
-
Deferred Revenue
$387
$387
+0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$8,200
$4,200
-49%
Other Liabilities
$3,193
$3,241
+2%
Total Liabilities
$54,550
$43,983
-19%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-$17,062
$15,814
-193%
Net assets
2023
2024
Change
Net assets
-$17,062
+$15,814
-193%
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