MID ATLANTIC ARTS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$18,832,906
Investments
72%
Cash & Equivalents
21%
Receivables (Non-Related)
5%
Other Assets
1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$7,832,615
Deferred Revenue
86%
Grants Payable
9%
Other Liabilities
3%
Payables & Accruals
2%
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
$5,064,170
$3,885,050
-23%
Receivables (Non-Related)
$1,188,079
$891,221
-25%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$80,948
$128,928
+59%
Investments
$7,745,582
$13,578,317
+75%
Property, Plant, & Equipment (net)
$106,581
$86,156
-19%
Other Assets
$358,085
$263,234
-26%
Total Assets
$14,543,445
$18,832,906
+29%
Liabilities
2023
2024
Change
Payables & Accruals
$202,175
$177,950
-12%
Grants Payable
$903,605
$677,180
-25%
Deferred Revenue
$2,737,396
$6,713,726
+145%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$351,990
$263,759
-25%
Total Liabilities
$4,195,166
$7,832,615
+87%
Net assets
2023
2024
Change
Restricted Net Assets
$85,232
$56,892
-33%
Unrestricted Net Assets
$10,263,047
$10,943,399
+7%
Net assets
2023
2024
Change
Net assets
+$10,348,279
+$11,000,291
+6%
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