THE ARTS COUNCIL INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$12,059,455
Property, Plant, & Equipment (net)
73%
Receivables (Non-Related)
9%
Other Assets
7%
Investments
6%
Cash & Equivalents
4%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$4,107,672
Tax-Exempt Bond Liabilities
65%
Notes Payable / Debt (Non-Related)
13%
Payables & Accruals
8%
Other Liabilities
7%
Deferred Revenue
3%
Grants Payable
3%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$292,666
$466,385
+59%
Receivables (Non-Related)
$1,359,603
$1,120,297
-18%
Related-Party Receivables
-
-
-
Inventories
$113,500
$113,500
+0%
Prepaid Expenses
$25,918
$12,889
-50%
Investments
$687,238
$722,977
+5%
Property, Plant, & Equipment (net)
$9,308,449
$8,801,660
-5%
Other Assets
$951,475
$821,747
-14%
Total Assets
$12,738,849
$12,059,455
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$435,691
$324,260
-26%
Grants Payable
$10,000
$124,875
+1149%
Deferred Revenue
$144,491
$138,868
-4%
Tax-Exempt Bond Liabilities
$2,672,177
$2,682,029
+0%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$519,245
$540,986
+4%
Related-Party Payables
-
-
-
Other Liabilities
$372,935
$296,654
-20%
Total Liabilities
$4,154,539
$4,107,672
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$2,851,503
$2,973,603
+4%
Unrestricted Net Assets
$5,732,807
$4,978,180
-13%
Net assets
2023
2024
Change
Net assets
+$8,584,310
+$7,951,783
-7%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)