VIRGINIA MUSEUM OF CONTEMPORARY ART
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,254,705
Property, Plant, & Equipment (net)
36%
Receivables (Non-Related)
31%
Cash & Equivalents
30%
Prepaid Expenses
3%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$423,620
Deferred Revenue
46%
Payables & Accruals
43%
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
$733,265
$674,279
-8%
Receivables (Non-Related)
$546,871
$706,712
+29%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$118,350
$61,074
-48%
Investments
$109,349
-
-
Property, Plant, & Equipment (net)
$927,786
$812,640
-12%
Other Assets
-
-
-
Total Assets
$2,435,621
$2,254,705
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$187,834
$183,699
-2%
Grants Payable
-
-
-
Deferred Revenue
$156,236
$192,809
+23%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$66,077
$47,112
-29%
Total Liabilities
$410,147
$423,620
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$50,000
$229,865
+360%
Unrestricted Net Assets
$1,975,474
$1,601,220
-19%
Net assets
2023
2024
Change
Net assets
+$2,025,474
+$1,831,085
-10%
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