HOWARD COUNTY ARTS COUNCIL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$3,807,634
Cash & Equivalents
83%
Receivables (Non-Related)
8%
Investments
5%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$130,207
Deferred Revenue
77%
Payables & Accruals
20%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,776,767
$3,147,446
+77%
Receivables (Non-Related)
$28,000
$300,000
+971%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$9,247
$10,869
+18%
Investments
$193,929
$209,155
+8%
Property, Plant, & Equipment (net)
$86,015
$140,164
+63%
Other Assets
-
-
-
Total Assets
$2,093,958
$3,807,634
+82%
Liabilities
2024
2025
Change
Payables & Accruals
$18,169
$25,551
+41%
Grants Payable
-
-
-
Deferred Revenue
$110,570
$100,120
-9%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$5,898
$4,536
-23%
Total Liabilities
$134,637
$130,207
-3%
Net assets
2024
2025
Change
Restricted Net Assets
$379,439
$2,136,102
+463%
Unrestricted Net Assets
$1,579,882
$1,541,325
-2%
Net assets
2024
2025
Change
Net assets
+$1,959,321
+$3,677,427
+88%
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