AFRICAN AMERICAN CULTURAL CENTER
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$5,273,694
Receivables (Non-Related)
57%
Cash & Equivalents
23%
Property, Plant, & Equipment (net)
15%
Other Assets
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$302,861
Other Liabilities
91%
Payables & Accruals
9%
Grants Payable
0%
Deferred Revenue
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
$860,217
$1,230,172
+43%
Receivables (Non-Related)
-
$3,000,000
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,000
$5,000
+0%
Investments
-
-
-
Property, Plant, & Equipment (net)
$764,382
$780,097
+2%
Other Assets
$310,110
$258,425
-17%
Total Assets
$1,939,709
$5,273,694
+172%
Liabilities
2023
2024
Change
Payables & Accruals
-
$26,629
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$317,259
$276,232
-13%
Total Liabilities
$317,259
$302,861
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$1,574,859
$4,185,825
+166%
Unrestricted Net Assets
$47,591
$785,008
+1549%
Net assets
2023
2024
Change
Net assets
+$1,622,450
+$4,970,833
+206%
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