Kennedy Heights Arts Center
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,981,055
Property, Plant, & Equipment (net)
51%
Cash & Equivalents
43%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$207,062
Notes Payable / Debt (Non-Related)
42%
Other Liabilities
37%
Payables & Accruals
20%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$608,379
$847,658
+39%
Receivables (Non-Related)
$241,599
$122,926
-49%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$180
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,009,962
$1,010,291
+0%
Other Assets
-
-
-
Total Assets
$1,859,940
$1,981,055
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$28,191
$41,376
+47%
Grants Payable
-
-
-
Deferred Revenue
$2,248
$3,413
+52%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$95,976
$86,330
-10%
Related-Party Payables
-
-
-
Other Liabilities
$79,396
$75,943
-4%
Total Liabilities
$205,811
$207,062
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$389,011
$472,388
+21%
Unrestricted Net Assets
$1,265,118
$1,301,605
+3%
Net assets
2023
2024
Change
Net assets
+$1,654,129
+$1,773,993
+7%
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