THE AMERICAN FEDERATION OF ARTS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$18,055,658
Investments
45%
Prepaid Expenses
28%
Property, Plant, & Equipment (net)
22%
Receivables (Non-Related)
3%
Cash & Equivalents
2%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$7,029,366
Deferred Revenue
79%
Payables & Accruals
21%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$398,083
$371,426
-7%
Receivables (Non-Related)
$423,011
$586,808
+39%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$6,051,576
$4,986,272
-18%
Investments
$8,255,607
$8,183,683
-1%
Property, Plant, & Equipment (net)
$4,107,557
$3,927,469
-4%
Other Assets
-
-
-
Total Assets
$19,235,834
$18,055,658
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$1,916,859
$1,443,941
-25%
Grants Payable
-
-
-
Deferred Revenue
$6,391,033
$5,585,425
-13%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$8,307,892
$7,029,366
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$6,368,423
$5,846,721
-8%
Unrestricted Net Assets
$4,559,519
$5,179,571
+14%
Net assets
2023
2024
Change
Net assets
+$10,927,942
+$11,026,292
+1%
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