NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC
Pub 78

NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC
Pub 78

Santa Monica, CA, US
501(c)(6)
EIN
95-6052058

NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC
Pub 78

Santa Monica, CA, US
501(c)(6)
EIN
95-6052058

Balance Sheet

Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)

$129,610,534

Investments
87%
Cash & Equivalents
4%
Other Assets
4%
Receivables (Non-Related)
3%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)

$48,869,443

Deferred Revenue
51%
Payables & Accruals
22%
Notes Payable / Debt (Non-Related)
17%
Other Liabilities
10%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,299,985
$5,429,936
+65%
Receivables (Non-Related)
$4,952,300
$3,378,725
-32%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,412,541
$1,461,297
+3%
Investments
$102,982,172
$112,529,059
+9%
Property, Plant, & Equipment (net)
$2,852,089
$1,435,010
-50%
Other Assets
$5,844,784
$5,376,507
-8%
Total Assets
$121,343,871
$129,610,534
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$7,052,421
$10,825,784
+54%
Grants Payable
-
-
-
Deferred Revenue
$20,461,070
$24,776,490
+21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,519,115
$8,347,868
+137%
Related-Party Payables
-
-
-
Other Liabilities
$1,282,409
$4,919,301
+284%
Total Liabilities
$32,315,015
$48,869,443
+51%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$89,028,856
$80,741,091
-9%
Net assets
2023
2024
Change
Net assets
+$89,028,856
+$80,741,091
-9%
Balance Sheet
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