Wayne Art Center
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$6,987,403
Property, Plant, & Equipment (net)
54%
Cash & Equivalents
32%
Investments
12%
Receivables (Non-Related)
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,224,256
Notes Payable / Debt (Non-Related)
69%
Deferred Revenue
20%
Payables & Accruals
11%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,595,519
$2,242,176
+41%
Receivables (Non-Related)
$2,482
$78,378
+3058%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$9,770
$6,036
-38%
Investments
$742,506
$844,343
+14%
Property, Plant, & Equipment (net)
$3,877,219
$3,806,470
-2%
Other Assets
$10,000
$10,000
+0%
Total Assets
$6,237,496
$6,987,403
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$124,717
$134,955
+8%
Grants Payable
-
-
-
Deferred Revenue
$300,200
$239,265
-20%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$905,509
$850,036
-6%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,330,426
$1,224,256
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$164,595
$203,292
+24%
Unrestricted Net Assets
$4,742,475
$5,559,855
+17%
Net assets
2023
2024
Change
Net assets
+$4,907,070
+$5,763,147
+17%
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