VERMONT COLLEGE OF FINE ARTS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,406,608
Property, Plant, & Equipment (net)
63%
Cash & Equivalents
18%
Prepaid Expenses
11%
Receivables (Non-Related)
6%
Investments
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$5,078,923
Notes Payable / Debt (Non-Related)
42%
Related-Party Payables
20%
Deferred Revenue
19%
Other Liabilities
10%
Payables & Accruals
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,411,967
$1,527,848
-37%
Receivables (Non-Related)
$340,497
$543,706
+60%
Related-Party Receivables
-
-
-
Inventories
$11,162
$8,828
-21%
Prepaid Expenses
$1,264,218
$936,732
-26%
Investments
$58,365
$67,125
+15%
Property, Plant, & Equipment (net)
$13,138,843
$5,322,369
-59%
Other Assets
-
-
-
Total Assets
$17,225,052
$8,406,608
-51%
Liabilities
2023
2024
Change
Payables & Accruals
$273,017
$468,451
+72%
Grants Payable
-
-
-
Deferred Revenue
$1,265,499
$984,270
-22%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,038,136
$2,126,202
-70%
Related-Party Payables
$1,000,000
$1,000,000
+0%
Other Liabilities
$15,673
$500,000
+3090%
Total Liabilities
$9,592,325
$5,078,923
-47%
Net assets
2023
2024
Change
Restricted Net Assets
$1,457,112
$1,299,191
-11%
Unrestricted Net Assets
$6,175,615
$2,028,494
-67%
Net assets
2023
2024
Change
Net assets
+$7,632,727
+$3,327,685
-56%
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