THE VIRGINIA ARTS FESTIVAL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$67,022,063
Investments
70%
Receivables (Non-Related)
13%
Property, Plant, & Equipment (net)
13%
Cash & Equivalents
4%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$2,238,405
Payables & Accruals
62%
Deferred Revenue
37%
Other Liabilities
<1%
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
$2,702,340
$2,454,036
-9%
Receivables (Non-Related)
$6,606,617
$8,915,297
+35%
Related-Party Receivables
$0
$0
-
Inventories
$0
-
-
Prepaid Expenses
$148,494
$217,768
+47%
Investments
$39,025,344
$46,791,988
+20%
Property, Plant, & Equipment (net)
$7,239,268
$8,621,854
+19%
Other Assets
$28,565
$21,120
-26%
Total Assets
$55,750,628
$67,022,063
+20%
Liabilities
2024
2025
Change
Payables & Accruals
$1,524,373
$1,393,977
-9%
Grants Payable
$0
-
-
Deferred Revenue
$108,144
$823,308
+661%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$0
$0
-
Other Liabilities
$28,565
$21,120
-26%
Total Liabilities
$1,661,082
$2,238,405
+35%
Net assets
2024
2025
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2024
2025
Change
Net assets
+$54,089,546
+$64,783,658
+20%
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