MENDOCINO ART CENTER INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$905,353
Inventories
65%
Property, Plant, & Equipment (net)
26%
Cash & Equivalents
9%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$141,505
Payables & Accruals
48%
Other Liabilities
33%
Notes Payable / Debt (Non-Related)
16%
Deferred Revenue
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$87,901
$77,269
-12%
Receivables (Non-Related)
$3,915
$499
-87%
Related-Party Receivables
-
-
-
Inventories
$610,028
$584,932
-4%
Prepaid Expenses
$8,100
$3,975
-51%
Investments
-
-
-
Property, Plant, & Equipment (net)
$246,503
$238,678
-3%
Other Assets
-
-
-
Total Assets
$956,447
$905,353
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$64,877
$68,051
+5%
Grants Payable
-
-
-
Deferred Revenue
$10,164
$3,682
-64%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$34,473
$23,000
-33%
Related-Party Payables
-
-
-
Other Liabilities
$95,663
$46,772
-51%
Total Liabilities
$205,177
$141,505
-31%
Net assets
2023
2024
Change
Restricted Net Assets
$45,064
$45,564
+1%
Unrestricted Net Assets
$706,206
$718,284
+2%
Net assets
2023
2024
Change
Net assets
+$751,270
+$763,848
+2%
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