SOUTH ARTS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$15,041,398
Cash & Equivalents
80%
Receivables (Non-Related)
11%
Investments
9%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$7,640,970
Deferred Revenue
93%
Payables & Accruals
5%
Grants Payable
<1%
Other Liabilities
<1%
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
$12,815,374
$12,017,377
-6%
Receivables (Non-Related)
$2,657,471
$1,595,322
-40%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$27,378
$30,062
+10%
Investments
$1,111,502
$1,304,835
+17%
Property, Plant, & Equipment (net)
$32,032
$33,928
+6%
Other Assets
$154,580
$59,874
-61%
Total Assets
$16,798,337
$15,041,398
-10%
Liabilities
2023
2024
Change
Payables & Accruals
$153,405
$398,141
+160%
Grants Payable
$209,865
$69,300
-67%
Deferred Revenue
$6,950,470
$7,111,867
+2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$160,584
$61,662
-62%
Total Liabilities
$7,474,324
$7,640,970
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$1,235,766
$0
-100%
Unrestricted Net Assets
$8,088,247
$7,400,428
-9%
Net assets
2023
2024
Change
Net assets
+$9,324,013
+$7,400,428
-21%
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