PHIPPS CENTER FOR THE ARTS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$9,147,967
Investments
62%
Property, Plant, & Equipment (net)
33%
Cash & Equivalents
4%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$266,055
Deferred Revenue
69%
Payables & Accruals
18%
Other Liabilities
13%
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
$395,182
$390,129
-1%
Receivables (Non-Related)
$58,836
$54,037
-8%
Related-Party Receivables
-
-
-
Inventories
$2,134
$2,179
+2%
Prepaid Expenses
$36,439
$49,045
+35%
Investments
$5,391,199
$5,643,068
+5%
Property, Plant, & Equipment (net)
$3,102,400
$2,975,287
-4%
Other Assets
-
$34,222
-
Total Assets
$8,986,190
$9,147,967
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$21,597
$48,969
+127%
Grants Payable
-
-
-
Deferred Revenue
$92,124
$182,864
+98%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$34,222
-
Total Liabilities
$113,721
$266,055
+134%
Net assets
2023
2024
Change
Restricted Net Assets
$2,666,776
$2,945,629
+10%
Unrestricted Net Assets
$6,205,693
$5,936,283
-4%
Net assets
2023
2024
Change
Net assets
+$8,872,469
+$8,881,912
+0%
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