DULUTH ART INSTITUTE ASSOC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$412,671
Cash & Equivalents
60%
Property, Plant, & Equipment (net)
40%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$197,057
Notes Payable / Debt (Non-Related)
76%
Payables & Accruals
24%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$206,812
$245,972
+19%
Receivables (Non-Related)
$6,884
$1,724
-75%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$64,943
-
-
Property, Plant, & Equipment (net)
$178,917
$164,975
-8%
Other Assets
-
-
-
Total Assets
$457,556
$412,671
-10%
Liabilities
2023
2024
Change
Payables & Accruals
$10,121
$47,928
+374%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$153,366
$149,129
-3%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$163,487
$197,057
+21%
Net assets
2023
2024
Change
Restricted Net Assets
$64,943
-
-
Unrestricted Net Assets
$229,126
$215,614
-6%
Net assets
2023
2024
Change
Net assets
+$294,069
+$215,614
-27%
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