Regional Arts & Culture Council
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$14,771,700
Cash & Equivalents
42%
Investments
35%
Receivables (Non-Related)
17%
Other Assets
5%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$10,961,373
Other Liabilities
52%
Grants Payable
24%
Deferred Revenue
23%
Payables & Accruals
2%
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
$13,606,734
$6,251,051
-54%
Receivables (Non-Related)
$1,891,288
$2,513,060
+33%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$122,248
$31,193
-74%
Investments
$4,705,692
$5,174,906
+10%
Property, Plant, & Equipment (net)
$7,764
$1,995
-74%
Other Assets
$0
$799,495
-
Total Assets
$20,333,726
$14,771,700
-27%
Liabilities
2023
2024
Change
Payables & Accruals
$470,254
$210,035
-55%
Grants Payable
$6,289,085
$2,591,000
-59%
Deferred Revenue
$11,734,476
$2,500,024
-79%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$71,156
$5,660,314
+7855%
Total Liabilities
$18,564,971
$10,961,373
-41%
Net assets
2023
2024
Change
Restricted Net Assets
-
$5,305
-
Unrestricted Net Assets
$1,768,755
$3,805,022
+115%
Net assets
2023
2024
Change
Net assets
+$1,768,755
+$3,810,327
+115%
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