THE CLEVELAND INSTITUTE OF ART
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$123,412,363
Property, Plant, & Equipment (net)
45%
Investments
34%
Other Assets
8%
Receivables (Non-Related)
6%
Cash & Equivalents
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$30,873,658
Tax-Exempt Bond Liabilities
53%
Other Liabilities
40%
Payables & Accruals
4%
Deferred Revenue
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,776,085
$7,021,589
+22%
Receivables (Non-Related)
$4,025,581
$7,225,019
+79%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$2,961,605
$1,194,584
-60%
Investments
$42,639,332
$42,191,119
-1%
Property, Plant, & Equipment (net)
$57,882,507
$55,550,938
-4%
Other Assets
$8,411,409
$10,229,114
+22%
Total Assets
$121,696,519
$123,412,363
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$1,436,648
$1,341,583
-7%
Grants Payable
-
-
-
Deferred Revenue
$1,162,929
$1,028,009
-12%
Tax-Exempt Bond Liabilities
$16,519,049
$16,289,507
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$10,358,770
$12,214,559
+18%
Total Liabilities
$29,477,396
$30,873,658
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$33,655,000
$35,289,433
+5%
Unrestricted Net Assets
$58,564,123
$57,249,272
-2%
Net assets
2023
2024
Change
Net assets
+$92,219,123
+$92,538,705
+0%
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