THE UNIVERSITY OF THE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2023 (Year End)
$189,268,492
Property, Plant, & Equipment (net)
50%
Investments
34%
Receivables (Non-Related)
9%
Cash & Equivalents
5%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2023 (Year End)
$65,833,353
Tax-Exempt Bond Liabilities
69%
Payables & Accruals
12%
Deferred Revenue
8%
Other Liabilities
8%
Notes Payable / Debt (Non-Related)
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2022
2023
Change
Cash & Equivalents
$7,212,707
$8,522,635
+18%
Receivables (Non-Related)
$20,204,229
$17,403,357
-14%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,292,750
$949,425
-27%
Investments
$62,838,868
$63,617,655
+1%
Property, Plant, & Equipment (net)
$94,500,367
$94,469,067
0%
Other Assets
$3,886,919
$4,306,353
+11%
Total Assets
$189,935,840
$189,268,492
0%
Liabilities
2022
2023
Change
Payables & Accruals
$7,972,636
$8,108,459
+2%
Grants Payable
-
-
-
Deferred Revenue
$5,798,017
$5,441,723
-6%
Tax-Exempt Bond Liabilities
$46,370,165
$45,099,699
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$2,000,000
-
Related-Party Payables
-
-
-
Other Liabilities
$5,014,323
$5,183,472
+3%
Total Liabilities
$65,155,141
$65,833,353
+1%
Net assets
2022
2023
Change
Restricted Net Assets
$89,616,057
$91,251,380
+2%
Unrestricted Net Assets
$35,164,642
$32,183,759
-8%
Net assets
2022
2023
Change
Net assets
+$124,780,699
+$123,435,139
-1%
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