ATHENS AREA COUNCIL FOR THE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$2,522,977
Property, Plant, & Equipment (net)
93%
Cash & Equivalents
7%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$39,730
Other Liabilities
50%
Deferred Revenue
47%
Payables & Accruals
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$102,961
$175,055
+70%
Receivables (Non-Related)
-
$2,000
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$15,285
$11,479
-25%
Investments
-
-
-
Property, Plant, & Equipment (net)
$755,557
$2,334,443
+209%
Other Assets
$1,619,358
$0
-100%
Total Assets
$2,493,161
$2,522,977
+1%
Liabilities
2024
2025
Change
Payables & Accruals
$805
$1,187
+47%
Grants Payable
-
-
-
Deferred Revenue
$17,171
$18,543
+8%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$110,000
$20,000
-82%
Total Liabilities
$127,976
$39,730
-69%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$2,365,185
$2,483,247
+5%
Net assets
2024
2025
Change
Net assets
+$2,365,185
+$2,483,247
+5%
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