PORTLAND INSTITUTE FOR CONTEMPORARY ART
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,749,601
Cash & Equivalents
47%
Property, Plant, & Equipment (net)
22%
Other Assets
21%
Receivables (Non-Related)
10%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$883,495
Other Liabilities
67%
Notes Payable / Debt (Non-Related)
26%
Payables & Accruals
6%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,006,093
$1,281,641
+27%
Receivables (Non-Related)
$558,798
$265,250
-53%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$33,568
$15,422
-54%
Investments
-
-
-
Property, Plant, & Equipment (net)
$664,744
$611,819
-8%
Other Assets
-
$575,469
-
Total Assets
$2,263,203
$2,749,601
+21%
Liabilities
2023
2024
Change
Payables & Accruals
$132,498
$57,003
-57%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$379,817
$232,989
-39%
Related-Party Payables
-
-
-
Other Liabilities
-
$593,503
-
Total Liabilities
$512,315
$883,495
+72%
Net assets
2023
2024
Change
Restricted Net Assets
$1,303,900
$481,657
-63%
Unrestricted Net Assets
$446,988
$1,384,449
+210%
Net assets
2023
2024
Change
Net assets
+$1,750,888
+$1,866,106
+7%
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