The Musical Arts Association
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$390,655,885
Investments
75%
Property, Plant, & Equipment (net)
12%
Receivables (Non-Related)
10%
Prepaid Expenses
1%
Cash & Equivalents
<1%
Inventories
<1%
Related-Party Receivables
<1%
Other Assets
0%
Liabilities in 2024 (Year End)
$66,346,157
Tax-Exempt Bond Liabilities
51%
Payables & Accruals
34%
Deferred Revenue
14%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,523,943
$3,672,959
-19%
Receivables (Non-Related)
$40,893,686
$39,047,377
-5%
Related-Party Receivables
$3,662
$48,125
+1214%
Inventories
$279,598
$262,500
-6%
Prepaid Expenses
$5,217,695
$5,202,646
0%
Investments
$263,345,990
$294,624,917
+12%
Property, Plant, & Equipment (net)
$48,053,599
$47,797,361
-1%
Other Assets
-
-
-
Total Assets
$362,318,173
$390,655,885
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$27,427,339
$22,720,601
-17%
Grants Payable
-
-
-
Deferred Revenue
$8,846,852
$9,538,880
+8%
Tax-Exempt Bond Liabilities
$34,360,304
$34,086,676
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$70,634,495
$66,346,157
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$272,581,678
$292,764,728
+7%
Unrestricted Net Assets
$19,102,000
$31,545,000
+65%
Net assets
2023
2024
Change
Net assets
+$291,683,678
+$324,309,728
+11%
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