HIGH POINT ARTS COUNCIL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,593,981
Property, Plant, & Equipment (net)
60%
Cash & Equivalents
23%
Receivables (Non-Related)
17%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$12,946
Deferred Revenue
81%
Payables & Accruals
19%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$319,250
$371,614
+16%
Receivables (Non-Related)
$17,655
$269,164
+1425%
Related-Party Receivables
-
-
-
Inventories
$5,396
$3,953
-27%
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$841,549
$949,250
+13%
Other Assets
-
-
-
Total Assets
$1,183,850
$1,593,981
+35%
Liabilities
2023
2024
Change
Payables & Accruals
$10,638
$2,464
-77%
Grants Payable
-
-
-
Deferred Revenue
$15,479
$10,482
-32%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$26,117
$12,946
-50%
Net assets
2023
2024
Change
Restricted Net Assets
$1,041,865
$386,786
-63%
Unrestricted Net Assets
$115,868
$1,194,249
+931%
Net assets
2023
2024
Change
Net assets
+$1,157,733
+$1,581,035
+37%
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