NEWARK SCHOOL OF THE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$968,348
Property, Plant, & Equipment (net)
77%
Receivables (Non-Related)
12%
Cash & Equivalents
6%
Investments
5%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$296,650
Other Liabilities
96%
Payables & Accruals
4%
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
$256,866
$61,799
-76%
Receivables (Non-Related)
$247,551
$114,577
-54%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$38,869
$43,971
+13%
Property, Plant, & Equipment (net)
$753,441
$748,001
-1%
Other Assets
-
-
-
Total Assets
$1,296,727
$968,348
-25%
Liabilities
2023
2024
Change
Payables & Accruals
$18,207
$11,687
-36%
Grants Payable
-
-
-
Deferred Revenue
$13,736
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$294,765
$284,963
-3%
Total Liabilities
$326,708
$296,650
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$235,446
$103,446
-56%
Unrestricted Net Assets
$734,573
$568,252
-23%
Net assets
2023
2024
Change
Net assets
+$970,019
+$671,698
-31%
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