THE TOLEDO MUSEUM OF ART
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$403,754,328
Investments
64%
Other Assets
22%
Property, Plant, & Equipment (net)
11%
Cash & Equivalents
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
<1%
Inventories
<1%
Liabilities in 2024 (Year End)
$13,265,000
Payables & Accruals
84%
Notes Payable / Debt (Non-Related)
15%
Other Liabilities
<1%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$9,867,951
$9,269,828
-6%
Receivables (Non-Related)
$1,009,444
$3,782,880
+275%
Related-Party Receivables
$250,000
$500,000
+100%
Inventories
$282,814
$372,776
+32%
Prepaid Expenses
$1,248,384
$972,740
-22%
Investments
$244,440,788
$257,598,684
+5%
Property, Plant, & Equipment (net)
$40,010,579
$42,716,949
+7%
Other Assets
$79,112,957
$88,540,471
+12%
Total Assets
$376,222,917
$403,754,328
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$2,466,555
$11,188,467
+354%
Grants Payable
-
-
-
Deferred Revenue
$37,440
$29,537
-21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,582,367
$1,970,121
-24%
Related-Party Payables
-
-
-
Other Liabilities
$87,743
$76,875
-12%
Total Liabilities
$5,174,105
$13,265,000
+156%
Net assets
2023
2024
Change
Restricted Net Assets
$166,488,168
$179,390,295
+8%
Unrestricted Net Assets
$204,560,644
$211,099,033
+3%
Net assets
2023
2024
Change
Net assets
+$371,048,812
+$390,489,328
+5%
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