b'F I N A N C I A L SFor the scal year ended October 31, 2022Statement of Financial PositionAssetsCurrent AssetsCash and cash equivalents$1,059,023Pledges and other receivables$73,699Prepaid expenses and other current assets$34,564Due from related party$25,456Total Current Assets $1,192,742Property and Equipment, at CostLand$322,775Buildings and improvements$7,618,199Furniture, xtures, and equipment$680,796Computer equipment$56,242$8,678,012Less accumulated depreciation($3,039,145)Property and Equipment, Net$5,638,867Pledges and other receivables, noncurrent $35,000Restricted cash$89,400Total Assets $6,956,009LiabilitiesAccounts payable and accrued expenses$74,714Paycheck Protection Program loan Deferred revenue$31,140Total Liabilities$105,854Net Assets Without donor restrictions$6,680,755With donor restrictions $169,400Total Net Assets$6,850,155Total Liabilities and Net Assets$6,956,009Spruce Peak Arts is a 501 (c)(3) organization; EIN 90-0146728. Spruce Peak Artss scal year runs from November 1October 31. Our nancial records are reviewed annually by McSoley, McCoy & Co., CPA. A complete copy of this nancial review and our IRS form 990 may be obtained by contacting Deputy Director Linda Hunter at 802-760-8371 or lhunter@sprucepeakarts.org.'