THE MORRIS MUSEUM INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$14,980,303
Investments
47%
Property, Plant, & Equipment (net)
44%
Cash & Equivalents
7%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,220,426
Notes Payable / Debt (Non-Related)
89%
Payables & Accruals
8%
Deferred Revenue
3%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,428,057
$1,011,150
-29%
Receivables (Non-Related)
$797,527
$238,975
-70%
Related-Party Receivables
-
-
-
Inventories
$14,227
$14,792
+4%
Prepaid Expenses
$48,712
$29,449
-40%
Investments
$7,184,950
$7,073,242
-2%
Property, Plant, & Equipment (net)
$6,007,047
$6,590,921
+10%
Other Assets
$42,080
$21,774
-48%
Total Assets
$15,522,600
$14,980,303
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$67,774
$167,075
+147%
Grants Payable
-
-
-
Deferred Revenue
$866,450
$73,500
-92%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,017,186
$1,965,418
-3%
Related-Party Payables
-
-
-
Other Liabilities
$36,815
$14,433
-61%
Total Liabilities
$2,988,225
$2,220,426
-26%
Net assets
2023
2024
Change
Restricted Net Assets
$6,868,897
$7,226,280
+5%
Unrestricted Net Assets
$5,665,478
$5,533,597
-2%
Net assets
2023
2024
Change
Net assets
+$12,534,375
+$12,759,877
+2%
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