ROCKFORD AREA ARTS COUNCIL
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$431,950
Cash & Equivalents
86%
Receivables (Non-Related)
13%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$27,775
Payables & Accruals
87%
Grants Payable
13%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$402,821
$371,347
-8%
Receivables (Non-Related)
$133,869
$56,017
-58%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,737
$4,586
+164%
Other Assets
-
-
-
Total Assets
$538,427
$431,950
-20%
Liabilities
2023
2024
Change
Payables & Accruals
$29,966
$24,173
-19%
Grants Payable
$3,602
$3,602
+0%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$33,568
$27,775
-17%
Net assets
2023
2024
Change
Restricted Net Assets
$97,036
$52,536
-46%
Unrestricted Net Assets
$407,823
$351,639
-14%
Net assets
2023
2024
Change
Net assets
+$504,859
+$404,175
-20%
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