FOUNDATION FOR CONTEMPORARY ARTS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$55,356,112
Investments
91%
Cash & Equivalents
8%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,226,324
Grants Payable
97%
Payables & Accruals
3%
Deferred Revenue
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
$7,354,539
$4,396,710
-40%
Receivables (Non-Related)
$651,067
$303,420
-53%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$38,882
$97,762
+151%
Investments
$42,241,746
$50,510,075
+20%
Property, Plant, & Equipment (net)
$60,455
$48,145
-20%
Other Assets
-
-
-
Total Assets
$50,346,689
$55,356,112
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$20,004
$33,824
+69%
Grants Payable
$1,060,500
$1,192,500
+12%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,080,504
$1,226,324
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$10,822,935
$12,376,515
+14%
Unrestricted Net Assets
$38,443,250
$41,753,273
+9%
Net assets
2023
2024
Change
Net assets
+$49,266,185
+$54,129,788
+10%
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