Gray Area Foundation For The Arts
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,827,587
Cash & Equivalents
76%
Receivables (Non-Related)
15%
Other Assets
6%
Property, Plant, & Equipment (net)
3%
Investments
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,422,655
Other Liabilities
56%
Payables & Accruals
43%
Deferred Revenue
1%
Grants Payable
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
$845,354
$1,396,191
+65%
Receivables (Non-Related)
$981,981
$267,920
-73%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,848
$460
-92%
Investments
$3,067
$1,220
-60%
Property, Plant, & Equipment (net)
$80,588
$59,047
-27%
Other Assets
$429,776
$102,749
-76%
Total Assets
$2,346,614
$1,827,587
-22%
Liabilities
2023
2024
Change
Payables & Accruals
$692,144
$610,890
-12%
Grants Payable
-
-
-
Deferred Revenue
-
$16,050
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,596,865
$795,715
-50%
Total Liabilities
$2,289,009
$1,422,655
-38%
Net assets
2023
2024
Change
Restricted Net Assets
$436,462
$180,174
-59%
Unrestricted Net Assets
-$378,857
$224,758
-159%
Net assets
2023
2024
Change
Net assets
+$57,605
+$404,932
+603%
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