HomeMy WebLinkAbout02/19/2025 - Meeting MaterialsSalt Lake Arts Council Foundation
Balance Sheet
As of January 31, 2025
ASSETS
Current Assets
Checking/Savings
Cash
Checking-MACU
Checking - MACU/Bloomberg
Checking - MACU/Grants
Savings - MACU
Savings - MACU/Grants
Total Cash
Gift Card
Investments
Utah State Treasurer
Total Investments
MACU Express Debit
Total Checking/Savings
Accounts Receivable
Accounts Receivable
Total Accounts Receivable
Other Current Assets
Other Assets
Prepaid Postage
Total Other Assets
Sales Tax Receivable
Total Other Current Assets
Total Current Assets
Fixed Assets
Fixed Assets
Electronic Equipment
Event Equipment
Furniture and Equipment
Leasehold Improvements
Total Fixed Assets
Investment in Gnrl Fixed Assets
Total Fixed Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
3:13 PM
02/07/2025
Accrual Basis
Jan 31, 25
462,605.07
588,541.25
148,640.00
2,909.71
65.00
1,202,761.03
3.95
1, 013, 825.75
1, 013, 825.75
2,107.30
2,218,698.03
48,380.00
48,380.00
61.07
61.07
511 ni
5 (2.U8
2,267,650.11
15, 964.00
18, 981.00
6,019.00
�4p 11 R on
389,282.00
-389,282.00
0.00
0 oc17 cen a a
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Jan 31, 25
Grants Payable
Artist in the Classroom
9,000.00
Bloomberg
100,000.00
General Support
19,875.00
Project Support
43,225.00
Total Grants Payable
172,100.00
Payables
Accounts Payable
750.00
Payables- Other
-977.20
Total Payables
-227.20
Total Accounts Payable
171,872.80
Other Current Liabilities
Accrued Liabilities
Accrued Payroll Taxes
Employee Witholding FICA
35.89
Employer FICA
35.89
Federal Tax Withholding
-356.68
State Income Tax Withholding
0.06
Total Accrued Payroll Taxes
-284.84
Total Accrued Liabilities
-284.84
Deposit Liabilities
200.00
Direct Deposit Liabilities
0.44
Total Other Current Liabilities
-84.40
Total Current Liabilities
171.788.40
Total Liabilities 171,788.40
Equity
Unrestricted Net Assets 991,881.59
Net Income 1,103,980.12
Total Equity 2,095,861.71
TOTAL LIABILITIES & EQUITY 2.267.650.11
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