Logo for "THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER"

THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER

THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER

NEW YORK, NY, US
501(c)(3)
EIN
13-3137461
Logo for "THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER"

THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER

NEW YORK, NY, US
501(c)(3)
EIN
13-3137461

Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)

$86,428,481

Property, Plant, & Equipment (net)
82%
Receivables (Non-Related)
11%
Investments
5%
Cash & Equivalents
2%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)

$8,726,578

Other Liabilities
68%
Related-Party Payables
30%
Payables & Accruals
2%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,228,104
$1,986,354
+62%
Receivables (Non-Related)
$6,530,112
$9,180,913
+41%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,470
-
-
Investments
$4,203,215
$4,455,150
+6%
Property, Plant, & Equipment (net)
$70,733,240
$70,804,594
+0%
Other Assets
-
$1,470
-
Total Assets
$82,696,141
$86,428,481
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$209,411
$150,092
-28%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$250,000
-
-
Related-Party Payables
$2,662,500
$2,612,500
-2%
Other Liabilities
$5,963,986
$5,963,986
+0%
Total Liabilities
$9,085,897
$8,726,578
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$12,482,648
$16,703,526
+34%
Unrestricted Net Assets
$61,127,596
$60,998,377
0%
Net assets
2023
2024
Change
Net assets
+$73,610,244
+$77,701,903
+6%
Balance Sheet
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