FUND FOR THE ARTS INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,322,635
Investments
44%
Receivables (Non-Related)
44%
Property, Plant, & Equipment (net)
5%
Cash & Equivalents
3%
Other Assets
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$533,338
Grants Payable
71%
Payables & Accruals
29%
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
$112,447
$259,945
+131%
Receivables (Non-Related)
$4,199,255
$3,674,113
-13%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$14,046
$68,731
+389%
Investments
$3,966,723
$3,675,800
-7%
Property, Plant, & Equipment (net)
$487,675
$435,046
-11%
Other Assets
-
$209,000
-
Total Assets
$8,780,146
$8,322,635
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$158,580
$155,983
-2%
Grants Payable
$700,146
$377,355
-46%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$858,726
$533,338
-38%
Net assets
2023
2024
Change
Restricted Net Assets
$3,428,648
$3,779,482
+10%
Unrestricted Net Assets
$4,492,772
$4,009,815
-11%
Net assets
2023
2024
Change
Net assets
+$7,921,420
+$7,789,297
-2%
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