MAUI ACADEMY OF PERFORMING ARTS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$9,732,301
Property, Plant, & Equipment (net)
65%
Other Assets
19%
Receivables (Non-Related)
10%
Cash & Equivalents
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$7,228,977
Notes Payable / Debt (Non-Related)
87%
Payables & Accruals
12%
Other Liabilities
<1%
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
$805,389
$620,415
-23%
Receivables (Non-Related)
$665,838
$996,580
+50%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,555
$30,903
+769%
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,485,413
$6,279,136
-3%
Other Assets
$334,197
$1,805,267
+440%
Total Assets
$8,294,392
$9,732,301
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$99,163
$899,131
+807%
Grants Payable
-
-
-
Deferred Revenue
$8,332
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,502,161
$6,293,833
-3%
Related-Party Payables
-
-
-
Other Liabilities
$23,869
$36,013
+51%
Total Liabilities
$6,633,525
$7,228,977
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$1,104,452
$734,998
-33%
Unrestricted Net Assets
$556,415
$1,768,326
+218%
Net assets
2023
2024
Change
Net assets
+$1,660,867
+$2,503,324
+51%
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