STERLING AND FRANCINE CLARK ART INSTITUTE
STERLING AND FRANCINE CLARK ART INSTITUTE
STERLING AND FRANCINE CLARK ART INSTITUTE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$691,565,316
Investments
71%
Property, Plant, & Equipment (net)
25%
Other Assets
2%
Receivables (Non-Related)
2%
Cash & Equivalents
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$81,066,421
Tax-Exempt Bond Liabilities
94%
Payables & Accruals
5%
Other Liabilities
1%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,925,915
$2,890,872
-1%
Receivables (Non-Related)
$2,254,559
$11,433,883
+407%
Related-Party Receivables
-
-
-
Inventories
$366,986
$403,470
+10%
Prepaid Expenses
$382,049
$294,979
-23%
Investments
$460,184,831
$491,218,498
+7%
Property, Plant, & Equipment (net)
$177,983,975
$173,037,894
-3%
Other Assets
$13,593,222
$12,285,720
-10%
Total Assets
$657,691,537
$691,565,316
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$3,107,548
$4,035,690
+30%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
$78,693,433
$75,990,656
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$929,255
$1,040,075
+12%
Total Liabilities
$82,730,236
$81,066,421
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$169,363,362
$192,903,025
+14%
Unrestricted Net Assets
$405,597,939
$417,595,870
+3%
Net assets
2023
2024
Change
Net assets
+$574,961,301
+$610,498,895
+6%
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