ARTS COUNCIL OF THE MORRIS AREA
ARTS COUNCIL OF THE MORRIS AREA
ARTS COUNCIL OF THE MORRIS AREA
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,173,279
Investments
41%
Other Assets
26%
Receivables (Non-Related)
18%
Cash & Equivalents
13%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$214,900
Deferred Revenue
63%
Payables & Accruals
36%
Other Liabilities
1%
Grants Payable
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
$166,263
$155,522
-6%
Receivables (Non-Related)
$197,198
$214,613
+9%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$31,945
$4,801
-85%
Investments
$534,519
$479,053
-10%
Property, Plant, & Equipment (net)
$18,740
$14,898
-21%
Other Assets
$272,200
$304,392
+12%
Total Assets
$1,220,865
$1,173,279
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$68,902
$76,910
+12%
Grants Payable
-
-
-
Deferred Revenue
$123,031
$135,702
+10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$2,288
-
Total Liabilities
$191,933
$214,900
+12%
Net assets
2023
2024
Change
Restricted Net Assets
$596,690
$652,918
+9%
Unrestricted Net Assets
$432,242
$305,461
-29%
Net assets
2023
2024
Change
Net assets
+$1,028,932
+$958,379
-7%
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