ARTS COUNCIL OF INDIANAPOLIS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$8,946,361
Property, Plant, & Equipment (net)
34%
Cash & Equivalents
32%
Investments
24%
Receivables (Non-Related)
6%
Other Assets
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,820,466
Grants Payable
63%
Other Liabilities
20%
Payables & Accruals
15%
Deferred Revenue
2%
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
$3,973,364
$2,853,835
-28%
Receivables (Non-Related)
$545,442
$536,439
-2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$57,125
$12,377
-78%
Investments
$1,997,870
$2,158,841
+8%
Property, Plant, & Equipment (net)
$3,254,792
$3,016,624
-7%
Other Assets
$479,881
$368,245
-23%
Total Assets
$10,308,474
$8,946,361
-13%
Liabilities
2023
2024
Change
Payables & Accruals
$358,887
$269,293
-25%
Grants Payable
$809,941
$1,154,220
+43%
Deferred Revenue
$280,641
$32,112
-89%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$494,258
$364,841
-26%
Total Liabilities
$1,943,727
$1,820,466
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$3,328,788
$2,152,902
-35%
Unrestricted Net Assets
$5,035,959
$4,972,993
-1%
Net assets
2023
2024
Change
Net assets
+$8,364,747
+$7,125,895
-15%
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