NORMAN ARTS COUNCIL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$663,940
Cash & Equivalents
98%
Receivables (Non-Related)
2%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$172,090
Grants Payable
94%
Payables & Accruals
6%
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
$323,060
$648,070
+101%
Receivables (Non-Related)
$87,180
$15,870
-82%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$12,577
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$422,817
$663,940
+57%
Liabilities
2023
2024
Change
Payables & Accruals
$2,799
$10,314
+268%
Grants Payable
$145,993
$161,776
+11%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$148,792
$172,090
+16%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$274,025
$491,850
+79%
Net assets
2023
2024
Change
Net assets
+$274,025
+$491,850
+79%
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