SMITH CENTER FOR THE ARTS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,865,223
Property, Plant, & Equipment (net)
53%
Cash & Equivalents
21%
Investments
14%
Receivables (Non-Related)
12%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$731,093
Other Liabilities
78%
Deferred Revenue
18%
Payables & Accruals
3%
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
$608,294
$599,265
-1%
Receivables (Non-Related)
$84,667
$345,935
+309%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$20,065
$0
-100%
Investments
$327,134
$404,427
+24%
Property, Plant, & Equipment (net)
$1,391,749
$1,515,596
+9%
Other Assets
-
-
-
Total Assets
$2,431,909
$2,865,223
+18%
Liabilities
2023
2024
Change
Payables & Accruals
$4,195
$23,764
+466%
Grants Payable
-
-
-
Deferred Revenue
$17,337
$134,900
+678%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$514,383
$572,429
+11%
Total Liabilities
$535,915
$731,093
+36%
Net assets
2023
2024
Change
Restricted Net Assets
$248,095
$318,105
+28%
Unrestricted Net Assets
$1,647,899
$1,816,025
+10%
Net assets
2023
2024
Change
Net assets
+$1,895,994
+$2,134,130
+13%
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