NEWPORT FESTIVALS FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$26,656,308
Investments
66%
Cash & Equivalents
20%
Property, Plant, & Equipment (net)
7%
Other Assets
5%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,947,835
Other Liabilities
43%
Deferred Revenue
33%
Payables & Accruals
24%
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
$5,094,862
$5,347,187
+5%
Receivables (Non-Related)
$791,690
$208,197
-74%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$89,134
$216,551
+143%
Investments
$13,676,134
$17,711,940
+30%
Property, Plant, & Equipment (net)
$1,945,381
$1,867,808
-4%
Other Assets
$10,577
$1,304,625
+12235%
Total Assets
$21,607,778
$26,656,308
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$304,901
$471,341
+55%
Grants Payable
-
-
-
Deferred Revenue
$570,665
$643,750
+13%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$832,744
-
Total Liabilities
$875,566
$1,947,835
+122%
Net assets
2023
2024
Change
Restricted Net Assets
$606,995
$1,142,773
+88%
Unrestricted Net Assets
$20,125,217
$23,565,700
+17%
Net assets
2023
2024
Change
Net assets
+$20,732,212
+$24,708,473
+19%
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