Kronos Performing Arts Association
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,929,921
Cash & Equivalents
52%
Other Assets
31%
Receivables (Non-Related)
16%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$236,354
Payables & Accruals
94%
Deferred Revenue
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$969,678
$1,011,783
+4%
Receivables (Non-Related)
$448,340
$306,286
-32%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$26,830
$9,360
-65%
Investments
$296,228
$0
-100%
Property, Plant, & Equipment (net)
$14,808
$12,423
-16%
Other Assets
$268,246
$590,069
+120%
Total Assets
$2,024,130
$1,929,921
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$223,997
$222,854
-1%
Grants Payable
-
-
-
Deferred Revenue
$14,000
$13,500
-4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$147,872
-
-
Related-Party Payables
-
-
-
Other Liabilities
$10,010
-
-
Total Liabilities
$395,879
$236,354
-40%
Net assets
2023
2024
Change
Restricted Net Assets
$731,820
$745,988
+2%
Unrestricted Net Assets
$896,431
$947,579
+6%
Net assets
2023
2024
Change
Net assets
+$1,628,251
+$1,693,567
+4%
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