NEWPORT ART MUSEUM AND ART ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$11,893,365
Investments
69%
Property, Plant, & Equipment (net)
26%
Cash & Equivalents
4%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$973,603
Notes Payable / Debt (Non-Related)
76%
Payables & Accruals
14%
Deferred Revenue
10%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$311,253
$515,774
+66%
Receivables (Non-Related)
$1,685
$10,487
+522%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$50,689
$32,455
-36%
Investments
$8,254,204
$8,247,642
0%
Property, Plant, & Equipment (net)
$3,288,997
$3,087,007
-6%
Other Assets
-
-
-
Total Assets
$11,906,828
$11,893,365
0%
Liabilities
2023
2024
Change
Payables & Accruals
$251,662
$134,408
-47%
Grants Payable
-
-
-
Deferred Revenue
$23,011
$101,421
+341%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$799,587
$737,774
-8%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,074,260
$973,603
-9%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$10,832,568
$10,919,762
+1%
Net assets
2023
2024
Change
Net assets
+$10,832,568
+$10,919,762
+1%
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