SOUTH SHORE ARTS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,212,939
Investments
84%
Other Assets
6%
Cash & Equivalents
4%
Receivables (Non-Related)
2%
Inventories
2%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$107,043
Notes Payable / Debt (Non-Related)
42%
Deferred Revenue
25%
Other Liabilities
16%
Payables & Accruals
16%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$57,774
$47,721
-17%
Receivables (Non-Related)
$52,004
$29,709
-43%
Related-Party Receivables
-
-
-
Inventories
$22,245
$27,351
+23%
Prepaid Expenses
$5,519
$4,899
-11%
Investments
$2,166,116
$1,024,710
-53%
Property, Plant, & Equipment (net)
$9,931
$7,543
-24%
Other Assets
$86,845
$71,006
-18%
Total Assets
$2,400,434
$1,212,939
-49%
Liabilities
2023
2024
Change
Payables & Accruals
$19,383
$17,380
-10%
Grants Payable
-
-
-
Deferred Revenue
$38,848
$27,238
-30%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$45,000
-
Related-Party Payables
-
-
-
Other Liabilities
$24,501
$17,425
-29%
Total Liabilities
$82,732
$107,043
+29%
Net assets
2023
2024
Change
Restricted Net Assets
$1,754,518
$183,333
-90%
Unrestricted Net Assets
$563,184
$922,563
+64%
Net assets
2023
2024
Change
Net assets
+$2,317,702
+$1,105,896
-52%
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