Utah Arts Academy
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$5,681,959
Property, Plant, & Equipment (net)
80%
Cash & Equivalents
20%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$3,837,940
Notes Payable / Debt (Non-Related)
89%
Other Liabilities
5%
Payables & Accruals
4%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$566,732
$1,114,294
+97%
Receivables (Non-Related)
$13,176
$6,322
-52%
Related-Party Receivables
-
-
-
Inventories
$4,631
$4,631
+0%
Prepaid Expenses
-$340
$20,875
-6240%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,473,834
$4,535,837
+83%
Other Assets
$488,219
-
-
Total Assets
$3,546,252
$5,681,959
+60%
Liabilities
2024
2025
Change
Payables & Accruals
-
$171,714
-
Grants Payable
-
-
-
Deferred Revenue
-
$78,023
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$796,850
$3,397,362
+326%
Related-Party Payables
-
-
-
Other Liabilities
$188,290
$190,841
+1%
Total Liabilities
$985,140
$3,837,940
+290%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-
$1,844,019
-
Net assets
2024
2025
Change
Net assets
+$2,561,112
+$1,844,019
-28%
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