THE NEWARK MUSEUM ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$70,405,406
Investments
64%
Property, Plant, & Equipment (net)
18%
Cash & Equivalents
12%
Prepaid Expenses
3%
Receivables (Non-Related)
2%
Inventories
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$5,190,069
Other Liabilities
54%
Payables & Accruals
34%
Notes Payable / Debt (Non-Related)
12%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,423,783
$8,625,510
+34%
Receivables (Non-Related)
$1,358,379
$1,559,511
+15%
Related-Party Receivables
-
-
-
Inventories
$181,393
$233,782
+29%
Prepaid Expenses
$86,426
$2,119,083
+2352%
Investments
$43,695,562
$45,212,672
+3%
Property, Plant, & Equipment (net)
$13,471,028
$12,480,530
-7%
Other Assets
$82,844
$174,318
+110%
Total Assets
$65,299,415
$70,405,406
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$2,319,968
$1,780,423
-23%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,012,000
$600,000
-70%
Related-Party Payables
-
-
-
Other Liabilities
$61,772
$2,809,646
+4448%
Total Liabilities
$4,393,740
$5,190,069
+18%
Net assets
2023
2024
Change
Restricted Net Assets
$14,803,702
$16,214,800
+10%
Unrestricted Net Assets
$46,101,973
$49,000,537
+6%
Net assets
2023
2024
Change
Net assets
+$60,905,675
+$65,215,337
+7%
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