THE CENTER FOR THE ARTS
Balance Sheet
Fiscal Year Start:
Nov 1
Assets in 2024 (Year End)
$21,062,023
Property, Plant, & Equipment (net)
82%
Other Assets
10%
Receivables (Non-Related)
7%
Cash & Equivalents
<1%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,214,660
Notes Payable / Debt (Non-Related)
91%
Payables & Accruals
9%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$526,129
$173,619
-67%
Receivables (Non-Related)
$1,351,250
$1,474,707
+9%
Related-Party Receivables
-
-
-
Inventories
-
$41,410
-
Prepaid Expenses
$33,162
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$17,885,931
$17,325,796
-3%
Other Assets
$2,062,252
$2,046,491
-1%
Total Assets
$21,858,724
$21,062,023
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$97,336
$114,660
+18%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,400,000
$1,100,000
-21%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,497,336
$1,214,660
-19%
Net assets
2023
2024
Change
Restricted Net Assets
$1,483,100
$1,574,326
+6%
Unrestricted Net Assets
$18,878,288
$18,273,037
-3%
Net assets
2023
2024
Change
Net assets
+$20,361,388
+$19,847,363
-3%
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