WOODLAWN ARTS ACADEMY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$711,857
Property, Plant, & Equipment (net)
73%
Cash & Equivalents
10%
Other Assets
9%
Prepaid Expenses
7%
Receivables (Non-Related)
2%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$205,237
Notes Payable / Debt (Non-Related)
55%
Payables & Accruals
22%
Deferred Revenue
12%
Other Liabilities
12%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$91,725
$67,851
-26%
Receivables (Non-Related)
$2,577
$13,627
+429%
Related-Party Receivables
-
-
-
Inventories
$3,109
$3,109
+0%
Prepaid Expenses
$30,431
$48,285
+59%
Investments
-
-
-
Property, Plant, & Equipment (net)
$161,759
$518,195
+220%
Other Assets
$147,593
$60,790
-59%
Total Assets
$437,194
$711,857
+63%
Liabilities
2023
2024
Change
Payables & Accruals
$26,214
$44,748
+71%
Grants Payable
-
-
-
Deferred Revenue
$29,165
$24,649
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$112,000
-
Related-Party Payables
-
-
-
Other Liabilities
$19,998
$23,840
+19%
Total Liabilities
$75,377
$205,237
+172%
Net assets
2023
2024
Change
Restricted Net Assets
$30,289
$7,186
-76%
Unrestricted Net Assets
$331,528
$499,434
+51%
Net assets
2023
2024
Change
Net assets
+$361,817
+$506,620
+40%
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