SALT LAKE ARTS COUNCIL FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$2,414,631
Cash & Equivalents
84%
Other Assets
9%
Receivables (Non-Related)
6%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2025 (Year End)
$519,459
Other Liabilities
47%
Grants Payable
33%
Payables & Accruals
20%
Deferred Revenue
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$997,742
$2,034,546
+104%
Receivables (Non-Related)
$124,464
$152,317
+22%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,731
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,191
$3,095
-3%
Other Assets
$135,464
$224,673
+66%
Total Assets
$1,266,592
$2,414,631
+91%
Liabilities
2024
2025
Change
Payables & Accruals
$50,580
$102,924
+103%
Grants Payable
$84,825
$172,850
+104%
Deferred Revenue
$650
$1,507
+132%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$167,492
$242,178
+45%
Total Liabilities
$303,547
$519,459
+71%
Net assets
2024
2025
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2024
2025
Change
Net assets
+$963,045
+$1,895,172
+97%
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