MUSEUM OF CONTEMPORARY ART DETROIT
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,144,708
Property, Plant, & Equipment (net)
54%
Cash & Equivalents
19%
Receivables (Non-Related)
17%
Inventories
6%
Other Assets
4%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$104,859
Payables & Accruals
52%
Other Liabilities
48%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$365,352
$414,772
+14%
Receivables (Non-Related)
$157,780
$360,496
+128%
Related-Party Receivables
-
-
-
Inventories
$118,550
$122,916
+4%
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,166,964
$1,155,774
-1%
Other Assets
$1,423,678
$90,750
-94%
Total Assets
$3,232,324
$2,144,708
-34%
Liabilities
2023
2024
Change
Payables & Accruals
$55,031
$54,859
0%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$150,000
$50,000
-67%
Total Liabilities
$205,031
$104,859
-49%
Net assets
2023
2024
Change
Restricted Net Assets
$2,479,777
$1,192,075
-52%
Unrestricted Net Assets
$547,516
$847,774
+55%
Net assets
2023
2024
Change
Net assets
+$3,027,293
+$2,039,849
-33%
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