Creative Growth Art Center
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,955,235
Investments
38%
Property, Plant, & Equipment (net)
35%
Cash & Equivalents
16%
Receivables (Non-Related)
5%
Prepaid Expenses
4%
Inventories
1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$625,417
Other Liabilities
52%
Payables & Accruals
48%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,628,856
$466,626
-71%
Receivables (Non-Related)
$224,951
$154,758
-31%
Related-Party Receivables
$0
$0
-
Inventories
$77,640
$32,576
-58%
Prepaid Expenses
$19,754
$116,417
+489%
Investments
$708,268
$1,131,010
+60%
Property, Plant, & Equipment (net)
$1,126,040
$1,032,629
-8%
Other Assets
$0
$21,219
-
Total Assets
$3,785,509
$2,955,235
-22%
Liabilities
2023
2024
Change
Payables & Accruals
$276,245
$299,816
+9%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$289,073
$325,601
+13%
Total Liabilities
$565,318
$625,417
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$369,499
$415,321
+12%
Unrestricted Net Assets
$2,850,692
$1,914,497
-33%
Net assets
2023
2024
Change
Net assets
+$3,220,191
+$2,329,818
-28%
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