STUDIO ART QUILT ASSOCIATES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$970,919
Investments
57%
Cash & Equivalents
20%
Other Assets
12%
Prepaid Expenses
7%
Property, Plant, & Equipment (net)
3%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$558,563
Deferred Revenue
69%
Other Liabilities
30%
Payables & Accruals
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$126,219
$197,983
+57%
Receivables (Non-Related)
$20,000
$8,215
-59%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$23,319
$66,391
+185%
Investments
$594,547
$556,358
-6%
Property, Plant, & Equipment (net)
$26,835
$30,241
+13%
Other Assets
$134,213
$111,731
-17%
Total Assets
$925,133
$970,919
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$12,024
$5,808
-52%
Grants Payable
-
-
-
Deferred Revenue
$316,267
$386,021
+22%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$191,887
$166,734
-13%
Total Liabilities
$520,178
$558,563
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$127,004
$280,593
+121%
Unrestricted Net Assets
$277,951
$131,763
-53%
Net assets
2023
2024
Change
Net assets
+$404,955
+$412,356
+2%
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