THE CORNING MUSEUM OF GLASS
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$104,204,421
Investments
60%
Property, Plant, & Equipment (net)
25%
Cash & Equivalents
11%
Receivables (Non-Related)
2%
Inventories
1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$14,812,133
Notes Payable / Debt (Non-Related)
69%
Payables & Accruals
19%
Other Liabilities
6%
Deferred Revenue
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$11,372,088
$11,068,865
-3%
Receivables (Non-Related)
$5,222,891
$2,262,861
-57%
Related-Party Receivables
-
-
-
Inventories
$1,375,945
$1,500,368
+9%
Prepaid Expenses
$572,323
$633,718
+11%
Investments
$55,059,336
$62,527,815
+14%
Property, Plant, & Equipment (net)
$20,086,634
$25,724,283
+28%
Other Assets
$661,426
$486,511
-26%
Total Assets
$94,350,643
$104,204,421
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$5,298,670
$2,884,197
-46%
Grants Payable
-
-
-
Deferred Revenue
$621,529
$823,302
+32%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,570,000
$10,277,324
+300%
Related-Party Payables
-
-
-
Other Liabilities
$1,147,902
$827,310
-28%
Total Liabilities
$9,638,101
$14,812,133
+54%
Net assets
2023
2024
Change
Restricted Net Assets
$8,716,891
$11,335,948
+30%
Unrestricted Net Assets
$75,995,651
$78,056,340
+3%
Net assets
2023
2024
Change
Net assets
+$84,712,542
+$89,392,288
+6%
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