FAR HILLS RACE MEETING ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,834,017
Property, Plant, & Equipment (net)
60%
Investments
22%
Cash & Equivalents
12%
Other Assets
5%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$160,600
Payables & Accruals
75%
Deferred Revenue
24%
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
$801,294
$924,134
+15%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$34,766
$54,469
+57%
Investments
$1,484,730
$1,730,470
+17%
Property, Plant, & Equipment (net)
$4,837,265
$4,708,103
-3%
Other Assets
$138,640
$416,841
+201%
Total Assets
$7,296,695
$7,834,017
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$4,641
$121,048
+2508%
Grants Payable
-
-
-
Deferred Revenue
$14,075
$38,050
+170%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,502
$1,502
+0%
Total Liabilities
$20,218
$160,600
+694%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$7,276,477
$7,673,417
+5%
Net assets
2023
2024
Change
Net assets
+$7,276,477
+$7,673,417
+5%
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