NORTH CAROLINA MUSEUM OF ART FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$89,700,713
Investments
69%
Property, Plant, & Equipment (net)
15%
Cash & Equivalents
9%
Receivables (Non-Related)
5%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$3,257,988
Deferred Revenue
62%
Payables & Accruals
27%
Other Liabilities
11%
Grants Payable
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
$8,472,196
$7,776,729
-8%
Receivables (Non-Related)
$2,480,114
$4,821,791
+94%
Related-Party Receivables
-
-
-
Inventories
$124,364
$148,394
+19%
Prepaid Expenses
$1,020,141
$1,235,744
+21%
Investments
$55,665,632
$62,167,450
+12%
Property, Plant, & Equipment (net)
$14,436,062
$13,550,605
-6%
Other Assets
$15,973
$0
-100%
Total Assets
$82,214,482
$89,700,713
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$691,411
$863,850
+25%
Grants Payable
-
-
-
Deferred Revenue
$1,650,209
$2,034,235
+23%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$374,641
$359,903
-4%
Total Liabilities
$2,716,261
$3,257,988
+20%
Net assets
2023
2024
Change
Restricted Net Assets
$56,131,042
$64,680,549
+15%
Unrestricted Net Assets
$23,367,179
$21,762,176
-7%
Net assets
2023
2024
Change
Net assets
+$79,498,221
+$86,442,725
+9%
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