MONMOUTH COUNTY ARTS COUNCIL INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,103,173
Property, Plant, & Equipment (net)
47%
Cash & Equivalents
42%
Receivables (Non-Related)
10%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$182,623
Deferred Revenue
38%
Notes Payable / Debt (Non-Related)
36%
Grants Payable
13%
Payables & Accruals
13%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$431,317
$458,236
+6%
Receivables (Non-Related)
$114,010
$109,260
-4%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$7,402
$11,711
+58%
Investments
-
-
-
Property, Plant, & Equipment (net)
$541,087
$523,966
-3%
Other Assets
$0
-
-
Total Assets
$1,093,816
$1,103,173
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$16,278
$23,465
+44%
Grants Payable
$22,949
$24,000
+5%
Deferred Revenue
$107,502
$68,675
-36%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$74,146
$66,483
-10%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$220,875
$182,623
-17%
Net assets
2023
2024
Change
Restricted Net Assets
$14,000
$14,000
+0%
Unrestricted Net Assets
$858,941
$906,550
+6%
Net assets
2023
2024
Change
Net assets
+$872,941
+$920,550
+5%
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