AFRICAN AMERICAN CULTURAL CENTER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$11,817,287
Property, Plant, & Equipment (net)
87%
Cash & Equivalents
6%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,204,009
Payables & Accruals
56%
Notes Payable / Debt (Non-Related)
42%
Deferred Revenue
2%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$68,886
$749,051
+987%
Receivables (Non-Related)
$979,357
$649,828
-34%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$182,868
$75,727
-59%
Investments
-
-
-
Property, Plant, & Equipment (net)
$10,627,480
$10,334,186
-3%
Other Assets
$12,716
$8,495
-33%
Total Assets
$11,871,307
$11,817,287
0%
Liabilities
2023
2024
Change
Payables & Accruals
$1,483,965
$669,977
-55%
Grants Payable
-
-
-
Deferred Revenue
$17,163
$25,537
+49%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$305,191
$500,000
+64%
Related-Party Payables
-
-
-
Other Liabilities
$12,742
$8,495
-33%
Total Liabilities
$1,819,061
$1,204,009
-34%
Net assets
2023
2024
Change
Restricted Net Assets
$2,156,000
$1,325,054
-39%
Unrestricted Net Assets
$7,896,246
$9,288,224
+18%
Net assets
2023
2024
Change
Net assets
+$10,052,246
+$10,613,278
+6%
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