BARRIER ISLAND GROUP FOR THE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$9,481,182
Investments
55%
Cash & Equivalents
28%
Property, Plant, & Equipment (net)
12%
Other Assets
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$242,213
Notes Payable / Debt (Non-Related)
54%
Payables & Accruals
40%
Deferred Revenue
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$2,937,109
$2,687,855
-8%
Receivables (Non-Related)
$281,816
$89,343
-68%
Related-Party Receivables
-
-
-
Inventories
$90
$90
+0%
Prepaid Expenses
$77,634
$81,878
+5%
Investments
$4,890,399
$5,232,261
+7%
Property, Plant, & Equipment (net)
$1,297,615
$1,172,289
-10%
Other Assets
$180,530
$217,466
+20%
Total Assets
$9,665,193
$9,481,182
-2%
Liabilities
2024
2025
Change
Payables & Accruals
$183,679
$95,755
-48%
Grants Payable
-
-
-
Deferred Revenue
$7,979
$14,583
+83%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$136,026
$131,875
-3%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$327,684
$242,213
-26%
Net assets
2024
2025
Change
Restricted Net Assets
$6,150,581
$6,378,915
+4%
Unrestricted Net Assets
$3,186,928
$2,860,054
-10%
Net assets
2024
2025
Change
Net assets
+$9,337,509
+$9,238,969
-1%
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