GREATER HARTFORD ARTS COUNCIL INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,148,028
Cash & Equivalents
95%
Receivables (Non-Related)
2%
Other Assets
1%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,485,386
Deferred Revenue
50%
Grants Payable
43%
Payables & Accruals
5%
Other Liabilities
2%
Custodial & Escrow Liabilities
<1%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,016,049
$2,041,388
-32%
Receivables (Non-Related)
$758,639
$44,699
-94%
Related-Party Receivables
-
$0
-
Inventories
-
$0
-
Prepaid Expenses
$24,227
$24,734
+2%
Investments
-
$0
-
Property, Plant, & Equipment (net)
$12,204
$9,184
-25%
Other Assets
$72,799
$28,023
-62%
Total Assets
$3,883,918
$2,148,028
-45%
Liabilities
2023
2024
Change
Payables & Accruals
$639,147
$75,749
-88%
Grants Payable
$1,088,769
$640,036
-41%
Deferred Revenue
$879,961
$737,587
-16%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
$6,000
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$71,796
$26,014
-64%
Total Liabilities
$2,679,673
$1,485,386
-45%
Net assets
2023
2024
Change
Restricted Net Assets
$663,186
$299,438
-55%
Unrestricted Net Assets
$541,059
$363,204
-33%
Net assets
2023
2024
Change
Net assets
+$1,204,245
+$662,642
-45%
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