ACADEMY CENTER OF THE ARTS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$41,715,194
Property, Plant, & Equipment (net)
83%
Investments
9%
Other Assets
6%
Cash & Equivalents
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$914,758
Deferred Revenue
49%
Notes Payable / Debt (Non-Related)
24%
Other Liabilities
21%
Payables & Accruals
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$927,524
$767,333
-17%
Receivables (Non-Related)
$460,221
$394,559
-14%
Related-Party Receivables
-
-
-
Inventories
$20,118
$37,349
+86%
Prepaid Expenses
$47,697
$96,711
+103%
Investments
$2,871,671
$3,571,634
+24%
Property, Plant, & Equipment (net)
$9,014,217
$34,530,948
+283%
Other Assets
$27,860,510
$2,316,660
-92%
Total Assets
$41,201,958
$41,715,194
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$60,168
$59,427
-1%
Grants Payable
-
-
-
Deferred Revenue
$386,995
$451,499
+17%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$138,938
$215,328
+55%
Related-Party Payables
-
-
-
Other Liabilities
$79,874
$188,504
+136%
Total Liabilities
$665,975
$914,758
+37%
Net assets
2023
2024
Change
Restricted Net Assets
$3,319,474
$3,915,066
+18%
Unrestricted Net Assets
$37,216,509
$36,885,370
-1%
Net assets
2023
2024
Change
Net assets
+$40,535,983
+$40,800,436
+1%
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