FORWARD ARTS FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,349,580
Investments
69%
Cash & Equivalents
22%
Property, Plant, & Equipment (net)
6%
Inventories
2%
Prepaid Expenses
<1%
Other Assets
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$272,216
Payables & Accruals
67%
Deferred Revenue
33%
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
$864,061
$1,593,012
+84%
Receivables (Non-Related)
$138,159
$17,680
-87%
Related-Party Receivables
-
-
-
Inventories
$151,403
$137,712
-9%
Prepaid Expenses
$75,866
$68,684
-9%
Investments
$4,951,386
$5,056,466
+2%
Property, Plant, & Equipment (net)
$608,880
$451,819
-26%
Other Assets
$25,000
$24,207
-3%
Total Assets
$6,814,755
$7,349,580
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$179,499
$183,180
+2%
Grants Payable
-
-
-
Deferred Revenue
$119,959
$89,036
-26%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$299,458
$272,216
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$75,976
$92,749
+22%
Unrestricted Net Assets
$6,439,321
$6,984,615
+8%
Net assets
2023
2024
Change
Net assets
+$6,515,297
+$7,077,364
+9%
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