PENNSYLVANIA ACADEMY OF THE FINE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$124,275,596
Investments
49%
Property, Plant, & Equipment (net)
37%
Cash & Equivalents
9%
Other Assets
3%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$32,802,393
Tax-Exempt Bond Liabilities
74%
Notes Payable / Debt (Non-Related)
21%
Payables & Accruals
5%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,923,112
$11,319,632
+287%
Receivables (Non-Related)
$1,435,960
$2,220,621
+55%
Related-Party Receivables
-
-
-
Inventories
$100,461
$116,145
+16%
Prepaid Expenses
$241,212
$210,733
-13%
Investments
$65,096,972
$60,373,034
-7%
Property, Plant, & Equipment (net)
$47,565,475
$46,429,539
-2%
Other Assets
$3,454,287
$3,605,892
+4%
Total Assets
$120,817,479
$124,275,596
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,242,585
$1,568,174
+26%
Grants Payable
-
-
-
Deferred Revenue
$182,490
$183,920
+1%
Tax-Exempt Bond Liabilities
$24,666,521
$24,150,299
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,250,000
$6,900,000
+112%
Related-Party Payables
-
-
-
Other Liabilities
$19,936
$0
-100%
Total Liabilities
$29,361,532
$32,802,393
+12%
Net assets
2023
2024
Change
Restricted Net Assets
$43,682,833
$47,265,644
+8%
Unrestricted Net Assets
$47,773,114
$44,207,559
-7%
Net assets
2023
2024
Change
Net assets
+$91,455,947
+$91,473,203
+0%
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