HIP-HOP THEATER FESTIVAL INC DBA Hi-ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$494,231
Cash & Equivalents
79%
Receivables (Non-Related)
15%
Prepaid Expenses
4%
Property, Plant, & Equipment (net)
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$45,129
Notes Payable / Debt (Non-Related)
51%
Payables & Accruals
49%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$356,534
$392,378
+10%
Receivables (Non-Related)
$111,830
$75,419
-33%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$17,396
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$5,283
$9,038
+71%
Other Assets
$28,204
$0
-100%
Total Assets
$501,851
$494,231
-2%
Liabilities
2024
2025
Change
Payables & Accruals
$28,418
$22,144
-22%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$35,379
$22,985
-35%
Related-Party Payables
-
-
-
Other Liabilities
$35,704
-
-
Total Liabilities
$99,501
$45,129
-55%
Net assets
2024
2025
Change
Restricted Net Assets
$375,000
$173,513
-54%
Unrestricted Net Assets
$27,350
$275,589
+908%
Net assets
2024
2025
Change
Net assets
+$402,350
+$449,102
+12%
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