SALEM ART WORKS INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$215,244
Property, Plant, & Equipment (net)
74%
Cash & Equivalents
13%
Receivables (Non-Related)
12%
Inventories
<1%
Other Assets
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$24,252
Payables & Accruals
95%
Other Liabilities
5%
Grants Payable
0%
Deferred Revenue
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
$10,941
$28,834
+164%
Receivables (Non-Related)
-
$25,000
-
Related-Party Receivables
-
$0
-
Inventories
$1,500
$1,500
+0%
Prepaid Expenses
-
$0
-
Investments
-
$0
-
Property, Plant, & Equipment (net)
$164,923
$158,548
-4%
Other Assets
-
$1,362
-
Total Assets
$177,364
$215,244
+21%
Liabilities
2023
2024
Change
Payables & Accruals
-
$22,991
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
$24,453
-
-
Other Liabilities
$3,918
$1,261
-68%
Total Liabilities
$28,371
$24,252
-15%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$148,993
$190,992
+28%
Net assets
2023
2024
Change
Net assets
+$148,993
+$190,992
+28%
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