THE CHICAGO ACADEMY FOR THE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$3,672,524
Other Assets
54%
Investments
24%
Cash & Equivalents
12%
Receivables (Non-Related)
4%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
2%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,771,223
Other Liabilities
73%
Payables & Accruals
14%
Deferred Revenue
8%
Notes Payable / Debt (Non-Related)
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$862,737
$444,917
-48%
Receivables (Non-Related)
$461,120
$159,826
-65%
Related-Party Receivables
-
-
-
Inventories
$13,182
$13,182
+0%
Prepaid Expenses
$39,108
$62,326
+59%
Investments
$955,036
$869,212
-9%
Property, Plant, & Equipment (net)
$186,006
$131,808
-29%
Other Assets
$8,800
$1,991,253
+22528%
Total Assets
$2,525,989
$3,672,524
+45%
Liabilities
2023
2024
Change
Payables & Accruals
$242,728
$378,464
+56%
Grants Payable
-
-
-
Deferred Revenue
$382,920
$210,629
-45%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$148,630
$150,000
+1%
Related-Party Payables
-
-
-
Other Liabilities
$18,600
$2,032,130
+10825%
Total Liabilities
$792,878
$2,771,223
+250%
Net assets
2023
2024
Change
Restricted Net Assets
$859,931
$640,048
-26%
Unrestricted Net Assets
$873,180
$261,253
-70%
Net assets
2023
2024
Change
Net assets
+$1,733,111
+$901,301
-48%
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