QUINCY SOCIETY OF FINE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,061,814
Investments
66%
Cash & Equivalents
29%
Other Assets
3%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$89,643
Deferred Revenue
56%
Other Liabilities
31%
Payables & Accruals
14%
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
$254,729
$312,629
+23%
Receivables (Non-Related)
$6,909
$12,136
+76%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$7,948
$6,618
-17%
Investments
$644,472
$701,522
+9%
Property, Plant, & Equipment (net)
$1,547
$1,506
-3%
Other Assets
-
$27,403
-
Total Assets
$915,605
$1,061,814
+16%
Liabilities
2023
2024
Change
Payables & Accruals
$9,095
$12,240
+35%
Grants Payable
-
-
-
Deferred Revenue
-
$50,000
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$27,403
-
Total Liabilities
$9,095
$89,643
+886%
Net assets
2023
2024
Change
Restricted Net Assets
$19,679
$20,873
+6%
Unrestricted Net Assets
$886,831
$951,298
+7%
Net assets
2023
2024
Change
Net assets
+$906,510
+$972,171
+7%
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