THE ARTS COUNCIL OF ERIE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$4,826,143
Investments
93%
Other Assets
4%
Cash & Equivalents
1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$129,768
Payables & Accruals
50%
Other Liabilities
31%
Custodial & Escrow Liabilities
19%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$296,221
$70,492
-76%
Receivables (Non-Related)
$34,244
$48,102
+40%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$18,034
$8,540
-53%
Investments
$4,623,451
$4,495,329
-3%
Property, Plant, & Equipment (net)
-
$5,636
-
Other Assets
-
$198,044
-
Total Assets
$4,971,950
$4,826,143
-3%
Liabilities
2024
2025
Change
Payables & Accruals
$128,033
$65,495
-49%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
$24,542
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$39,731
-
Total Liabilities
$128,033
$129,768
+1%
Net assets
2024
2025
Change
Restricted Net Assets
$2,968,300
$2,782,605
-6%
Unrestricted Net Assets
$1,875,617
$1,913,770
+2%
Net assets
2024
2025
Change
Net assets
+$4,843,917
+$4,696,375
-3%
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