Arts Council Wichita Falls Area Inc
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$6,484,757
Property, Plant, & Equipment (net)
81%
Other Assets
8%
Cash & Equivalents
5%
Investments
4%
Prepaid Expenses
2%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$121,281
Payables & Accruals
63%
Deferred Revenue
37%
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
$363,251
$338,494
-7%
Receivables (Non-Related)
$17,702
$8,643
-51%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,070
$114,759
+10625%
Investments
$215,750
$244,024
+13%
Property, Plant, & Equipment (net)
$5,496,498
$5,273,842
-4%
Other Assets
$504,995
$504,995
+0%
Total Assets
$6,599,266
$6,484,757
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$75,065
$75,821
+1%
Grants Payable
-
-
-
Deferred Revenue
$49,065
$45,460
-7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$795
$0
-100%
Total Liabilities
$124,925
$121,281
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$183,835
$92,852
-49%
Unrestricted Net Assets
$6,290,506
$6,270,624
0%
Net assets
2023
2024
Change
Net assets
+$6,474,341
+$6,363,476
-2%
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