MACKINAC ARTS COUNCIL
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$460,103
Cash & Equivalents
96%
Property, Plant, & Equipment (net)
3%
Inventories
1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$21,290
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$377,942
$440,602
+17%
Receivables (Non-Related)
$32,609
-
-
Related-Party Receivables
-
-
-
Inventories
$5,815
$5,815
+0%
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$9,405
$13,686
+46%
Other Assets
-
-
-
Total Assets
$425,771
$460,103
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$21,026
$21,290
+1%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$21,026
$21,290
+1%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$404,745
$438,813
+8%
Net assets
2023
2024
Change
Net assets
+$404,745
+$438,813
+8%
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