Ann Arbor Art Association
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,056,470
Property, Plant, & Equipment (net)
78%
Cash & Equivalents
12%
Receivables (Non-Related)
6%
Other Assets
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$229,360
Deferred Revenue
55%
Payables & Accruals
30%
Other Liabilities
8%
Notes Payable / Debt (Non-Related)
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$328,400
$495,937
+51%
Receivables (Non-Related)
$366,784
$257,966
-30%
Related-Party Receivables
-
-
-
Inventories
$6,587
$9,925
+51%
Prepaid Expenses
$609
$14,453
+2273%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,268,586
$3,174,480
-3%
Other Assets
$102,552
$103,709
+1%
Total Assets
$4,073,518
$4,056,470
0%
Liabilities
2023
2024
Change
Payables & Accruals
$53,058
$68,026
+28%
Grants Payable
-
-
-
Deferred Revenue
$150,434
$127,020
-16%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$21,747
$14,831
-32%
Related-Party Payables
-
-
-
Other Liabilities
$24,152
$19,483
-19%
Total Liabilities
$249,391
$229,360
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$643,193
$273,992
-57%
Unrestricted Net Assets
$3,180,934
$3,553,118
+12%
Net assets
2023
2024
Change
Net assets
+$3,824,127
+$3,827,110
+0%
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