PEARSON LAKES ART CENTER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$13,338,156
Investments
48%
Property, Plant, & Equipment (net)
43%
Cash & Equivalents
4%
Other Assets
4%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$199,761
Deferred Revenue
63%
Payables & Accruals
37%
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
$303,295
$598,348
+97%
Receivables (Non-Related)
$0
$0
-
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$142,053
$48,068
-66%
Investments
$4,795,626
$6,363,603
+33%
Property, Plant, & Equipment (net)
$6,028,735
$5,777,604
-4%
Other Assets
$1,375,761
$550,533
-60%
Total Assets
$12,645,470
$13,338,156
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$70,520
$74,902
+6%
Grants Payable
-
-
-
Deferred Revenue
$108,865
$124,859
+15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$179,385
$199,761
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$3,548,381
$4,051,475
+14%
Unrestricted Net Assets
$8,917,704
$9,086,920
+2%
Net assets
2023
2024
Change
Net assets
+$12,466,085
+$13,138,395
+5%
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