BAKERSFIELD ART FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$2,689,259
Property, Plant, & Equipment (net)
43%
Investments
39%
Cash & Equivalents
11%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$211,398
Deferred Revenue
58%
Payables & Accruals
42%
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
$406,743
$307,695
-24%
Receivables (Non-Related)
$50,934
$168,788
+231%
Related-Party Receivables
-
-
-
Inventories
$951
$4,227
+344%
Prepaid Expenses
$4,195
$9,440
+125%
Investments
$976,452
$1,043,169
+7%
Property, Plant, & Equipment (net)
$1,226,990
$1,155,940
-6%
Other Assets
$36,314
$0
-100%
Total Assets
$2,702,579
$2,689,259
0%
Liabilities
2023
2024
Change
Payables & Accruals
$82,784
$88,258
+7%
Grants Payable
-
-
-
Deferred Revenue
$128,392
$123,140
-4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$211,176
$211,398
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$5,000
$117,000
+2240%
Unrestricted Net Assets
$2,486,403
$2,360,861
-5%
Net assets
2023
2024
Change
Net assets
+$2,491,403
+$2,477,861
-1%
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