NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$60,477,417
Investments
82%
Cash & Equivalents
14%
Receivables (Non-Related)
3%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$374,661
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
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
$7,461,853
$8,512,652
+14%
Receivables (Non-Related)
$813,147
$1,971,389
+142%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$154,536
$172,504
+12%
Investments
$46,669,630
$49,402,881
+6%
Property, Plant, & Equipment (net)
$384,652
$290,571
-24%
Other Assets
$635,896
$127,420
-80%
Total Assets
$56,119,714
$60,477,417
+8%
Liabilities
2023
2024
Change
Payables & Accruals
-$45,825
$374,661
-918%
Grants Payable
$0
$0
-
Deferred Revenue
$0
$0
-
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
-$45,825
$374,661
-918%
Net assets
2023
2024
Change
Restricted Net Assets
$43,144,093
$46,002,073
+7%
Unrestricted Net Assets
$13,021,446
$14,100,683
+8%
Net assets
2023
2024
Change
Net assets
+$56,165,539
+$60,102,756
+7%
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