FLINT INSTITUTE OF ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$65,017,781
Investments
62%
Property, Plant, & Equipment (net)
31%
Other Assets
3%
Cash & Equivalents
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$567,385
Payables & Accruals
67%
Deferred Revenue
33%
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
$1,706,799
$1,573,055
-8%
Receivables (Non-Related)
$639,753
$625,206
-2%
Related-Party Receivables
-
-
-
Inventories
$69,405
$75,994
+9%
Prepaid Expenses
$55,168
$180,924
+228%
Investments
$34,561,653
$40,346,275
+17%
Property, Plant, & Equipment (net)
$21,016,539
$20,127,875
-4%
Other Assets
$1,943,759
$2,088,452
+7%
Total Assets
$59,993,076
$65,017,781
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$249,578
$377,946
+51%
Grants Payable
-
-
-
Deferred Revenue
$155,969
$189,439
+21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$405,547
$567,385
+40%
Net assets
2023
2024
Change
Restricted Net Assets
$18,656,382
$21,533,418
+15%
Unrestricted Net Assets
$40,931,147
$42,916,978
+5%
Net assets
2023
2024
Change
Net assets
+$59,587,529
+$64,450,396
+8%
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