SPRINGFIELD REGIONAL ARTS COUNCIL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,341,832
Investments
70%
Cash & Equivalents
23%
Receivables (Non-Related)
4%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$40,745
Payables & Accruals
95%
Other Liabilities
5%
Grants Payable
0%
Deferred Revenue
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
$307,765
$306,875
0%
Receivables (Non-Related)
$36,885
$55,109
+49%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$10,189
$14,487
+42%
Investments
$832,279
$934,633
+12%
Property, Plant, & Equipment (net)
$34,853
$30,728
-12%
Other Assets
-
-
-
Total Assets
$1,221,971
$1,341,832
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$21,861
$38,614
+77%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$2,131
-
Total Liabilities
$21,861
$40,745
+86%
Net assets
2023
2024
Change
Restricted Net Assets
$846,179
$946,650
+12%
Unrestricted Net Assets
$353,931
$354,437
+0%
Net assets
2023
2024
Change
Net assets
+$1,200,110
+$1,301,087
+8%
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