Great Lakes Center for the Arts
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$41,187,061
Property, Plant, & Equipment (net)
78%
Receivables (Non-Related)
11%
Cash & Equivalents
11%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,040,129
Notes Payable / Debt (Non-Related)
72%
Other Liabilities
20%
Payables & Accruals
6%
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
$2,828,922
$4,500,931
+59%
Receivables (Non-Related)
$6,946,485
$4,523,775
-35%
Related-Party Receivables
-
-
-
Inventories
$9,338
$7,548
-19%
Prepaid Expenses
$161,546
$105,857
-34%
Investments
-
-
-
Property, Plant, & Equipment (net)
$32,947,128
$31,993,988
-3%
Other Assets
$94,259
$54,962
-42%
Total Assets
$42,987,678
$41,187,061
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$150,671
$118,738
-21%
Grants Payable
-
-
-
Deferred Revenue
$98,104
$42,699
-56%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,663,013
$1,476,000
-45%
Related-Party Payables
-
-
-
Other Liabilities
$96,798
$402,692
+316%
Total Liabilities
$3,008,586
$2,040,129
-32%
Net assets
2023
2024
Change
Restricted Net Assets
$9,598,183
$8,875,409
-8%
Unrestricted Net Assets
$30,380,909
$30,271,523
0%
Net assets
2023
2024
Change
Net assets
+$39,979,092
+$39,146,932
-2%
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