NEW YORK ACADEMY OF ART
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$17,240,676
Property, Plant, & Equipment (net)
42%
Cash & Equivalents
41%
Other Assets
11%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$6,813,816
Notes Payable / Debt (Non-Related)
55%
Other Liabilities
29%
Payables & Accruals
10%
Deferred Revenue
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,618,748
$7,130,812
+341%
Receivables (Non-Related)
$1,703,371
$719,452
-58%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$138,548
$152,078
+10%
Investments
$4,906,437
-
-
Property, Plant, & Equipment (net)
$7,722,428
$7,282,769
-6%
Other Assets
$2,221,856
$1,955,565
-12%
Total Assets
$18,311,388
$17,240,676
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$692,727
$704,235
+2%
Grants Payable
-
-
-
Deferred Revenue
$262,844
$365,899
+39%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,849,506
$3,734,258
-3%
Related-Party Payables
-
-
-
Other Liabilities
$2,277,240
$2,009,424
-12%
Total Liabilities
$7,082,317
$6,813,816
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$1,569,996
$1,575,050
+0%
Unrestricted Net Assets
$9,659,075
$8,851,810
-8%
Net assets
2023
2024
Change
Net assets
+$11,229,071
+$10,426,860
-7%
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