CALIFORNIA INSTITUTE OF THE ARTS
CALIFORNIA INSTITUTE OF THE ARTS
CALIFORNIA INSTITUTE OF THE ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$388,517,359
Investments
62%
Property, Plant, & Equipment (net)
28%
Receivables (Non-Related)
7%
Cash & Equivalents
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$67,111,404
Tax-Exempt Bond Liabilities
58%
Notes Payable / Debt (Non-Related)
23%
Payables & Accruals
11%
Other Liabilities
7%
Deferred Revenue
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$26,076,999
$11,780,329
-55%
Receivables (Non-Related)
$17,984,888
$25,679,686
+43%
Related-Party Receivables
-
-
-
Inventories
$503,773
$399,100
-21%
Prepaid Expenses
$2,068,145
$1,714,594
-17%
Investments
$218,810,189
$241,942,105
+11%
Property, Plant, & Equipment (net)
$88,788,830
$107,001,545
+21%
Other Assets
$313,786
$0
-100%
Total Assets
$354,546,610
$388,517,359
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$7,039,622
$7,197,002
+2%
Grants Payable
-
-
-
Deferred Revenue
$722,804
$1,011,507
+40%
Tax-Exempt Bond Liabilities
$38,905,072
$38,674,678
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,197,230
$15,398,568
+267%
Related-Party Payables
-
-
-
Other Liabilities
$5,093,844
$4,829,649
-5%
Total Liabilities
$55,958,572
$67,111,404
+20%
Net assets
2023
2024
Change
Restricted Net Assets
$221,602,626
$240,560,629
+9%
Unrestricted Net Assets
$76,985,412
$80,845,326
+5%
Net assets
2023
2024
Change
Net assets
+$298,588,038
+$321,405,955
+8%
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