GROUNDWORKS ART LAB INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$12,728,955
Property, Plant, & Equipment (net)
96%
Cash & Equivalents
2%
Other Assets
1%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,461,793
Notes Payable / Debt (Non-Related)
92%
Deferred Revenue
3%
Other Liabilities
3%
Payables & Accruals
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$253,455
$298,065
+18%
Receivables (Non-Related)
$62,320
$1,550
-98%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,861
$8,861
+0%
Investments
$81,384
-
-
Property, Plant, & Equipment (net)
$8,812,786
$12,278,929
+39%
Other Assets
$198,170
$141,550
-29%
Total Assets
$9,416,976
$12,728,955
+35%
Liabilities
2023
2024
Change
Payables & Accruals
$65,065
$94,203
+45%
Grants Payable
-
-
-
Deferred Revenue
$6,745
$173,509
+2472%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,978,090
$5,024,763
+154%
Related-Party Payables
-
-
-
Other Liabilities
$225,855
$169,318
-25%
Total Liabilities
$2,275,755
$5,461,793
+140%
Net assets
2023
2024
Change
Restricted Net Assets
$386,145
$85,864
-78%
Unrestricted Net Assets
$6,755,076
$7,181,298
+6%
Net assets
2023
2024
Change
Net assets
+$7,141,221
+$7,267,162
+2%
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