PS 1 CONTEMPORARY ART CENTER INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,597,841
Cash & Equivalents
56%
Property, Plant, & Equipment (net)
17%
Receivables (Non-Related)
15%
Prepaid Expenses
8%
Investments
3%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,293,258
Payables & Accruals
80%
Other Liabilities
19%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,077,931
$4,230,041
+4%
Receivables (Non-Related)
$2,492,250
$1,173,000
-53%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$414,778
$631,716
+52%
Investments
$234,029
$248,921
+6%
Property, Plant, & Equipment (net)
$1,382,102
$1,314,163
-5%
Other Assets
-
-
-
Total Assets
$8,601,090
$7,597,841
-12%
Liabilities
2023
2024
Change
Payables & Accruals
$807,998
$1,040,749
+29%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$51,512
$7,384
-86%
Related-Party Payables
-
-
-
Other Liabilities
$160,401
$245,125
+53%
Total Liabilities
$1,019,911
$1,293,258
+27%
Net assets
2023
2024
Change
Restricted Net Assets
$5,393,318
$3,826,187
-29%
Unrestricted Net Assets
$2,187,861
$2,478,396
+13%
Net assets
2023
2024
Change
Net assets
+$7,581,179
+$6,304,583
-17%
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