516 Arts
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,350,672
Property, Plant, & Equipment (net)
64%
Receivables (Non-Related)
18%
Cash & Equivalents
18%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$183,299
Notes Payable / Debt (Non-Related)
77%
Payables & Accruals
16%
Deferred Revenue
7%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$221,334
$237,887
+7%
Receivables (Non-Related)
$586,230
$238,160
-59%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$7,498
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$879,900
$867,127
-1%
Other Assets
$0
$0
-
Total Assets
$1,687,464
$1,350,672
-20%
Liabilities
2023
2024
Change
Payables & Accruals
$35,788
$29,774
-17%
Grants Payable
-
-
-
Deferred Revenue
-
$12,000
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$140,702
$141,525
+1%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$176,490
$183,299
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$520,000
$308,000
-41%
Unrestricted Net Assets
$990,974
$859,373
-13%
Net assets
2023
2024
Change
Net assets
+$1,510,974
+$1,167,373
-23%
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