RICHLAND ACADEMY OF THE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,349,846
Property, Plant, & Equipment (net)
64%
Receivables (Non-Related)
13%
Other Assets
12%
Cash & Equivalents
10%
Inventories
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$79,819
Payables & Accruals
58%
Deferred Revenue
42%
Grants Payable
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
$246,779
$228,296
-7%
Receivables (Non-Related)
$41,620
$302,925
+628%
Related-Party Receivables
$0
$0
-
Inventories
$33,626
$36,344
+8%
Prepaid Expenses
$12,815
$13,059
+2%
Investments
$240,118
$0
-100%
Property, Plant, & Equipment (net)
$1,589,403
$1,494,624
-6%
Other Assets
$0
$274,598
-
Total Assets
$2,164,361
$2,349,846
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$47,555
$46,167
-3%
Grants Payable
-
-
-
Deferred Revenue
$28,068
$33,652
+20%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$75,623
$79,819
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$271,261
$523,930
+93%
Unrestricted Net Assets
$1,817,477
$1,746,097
-4%
Net assets
2023
2024
Change
Net assets
+$2,088,738
+$2,270,027
+9%
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