Canton Museum of Art
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$6,626,276
Investments
89%
Cash & Equivalents
5%
Property, Plant, & Equipment (net)
4%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$413,491
Notes Payable / Debt (Non-Related)
73%
Payables & Accruals
17%
Deferred Revenue
10%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$499,106
$363,869
-27%
Receivables (Non-Related)
$63,015
$47,526
-25%
Related-Party Receivables
$0
$0
-
Inventories
$10,324
$8,718
-16%
Prepaid Expenses
$24,565
$10,184
-59%
Investments
$5,586,530
$5,901,376
+6%
Property, Plant, & Equipment (net)
$262,912
$294,603
+12%
Other Assets
$0
$0
-
Total Assets
$6,446,452
$6,626,276
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$82,338
$70,516
-14%
Grants Payable
$0
$0
-
Deferred Revenue
$60,624
$42,975
-29%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$300,000
$300,000
+0%
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$442,962
$413,491
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$1,710,053
$1,625,451
-5%
Unrestricted Net Assets
$4,293,437
$4,587,334
+7%
Net assets
2023
2024
Change
Net assets
+$6,003,490
+$6,212,785
+3%
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