FORT WORTH ART ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$95,209,484
Investments
86%
Cash & Equivalents
7%
Other Assets
4%
Property, Plant, & Equipment (net)
2%
Inventories
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$458,073
Payables & Accruals
99%
Deferred Revenue
1%
Grants Payable
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
$8,810,682
$6,872,251
-22%
Receivables (Non-Related)
$0
-
-
Related-Party Receivables
-
-
-
Inventories
$238,019
$240,190
+1%
Prepaid Expenses
$1,003,422
$91,405
-91%
Investments
$59,077,407
$82,085,243
+39%
Property, Plant, & Equipment (net)
$2,234,542
$2,218,504
-1%
Other Assets
$3,965,101
$3,701,891
-7%
Total Assets
$75,329,173
$95,209,484
+26%
Liabilities
2023
2024
Change
Payables & Accruals
$643,640
$452,821
-30%
Grants Payable
-
-
-
Deferred Revenue
$4,287
$5,252
+23%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$647,927
$458,073
-29%
Net assets
2023
2024
Change
Restricted Net Assets
$60,331,524
$83,064,415
+38%
Unrestricted Net Assets
$14,349,722
$11,686,996
-19%
Net assets
2023
2024
Change
Net assets
+$74,681,246
+$94,751,411
+27%
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