SOUTH BEND MUSEUM OF ART
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,143,907
Investments
89%
Cash & Equivalents
9%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$139,686
Deferred Revenue
56%
Payables & Accruals
44%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$384,819
$288,012
-25%
Receivables (Non-Related)
$316
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$700
$1,296
+85%
Investments
$2,537,272
$2,784,384
+10%
Property, Plant, & Equipment (net)
$80,516
$70,215
-13%
Other Assets
-
-
-
Total Assets
$3,003,623
$3,143,907
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$62,974
$61,582
-2%
Grants Payable
-
-
-
Deferred Revenue
$65,380
$78,104
+19%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$128,354
$139,686
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$2,410,589
$2,651,686
+10%
Unrestricted Net Assets
$464,680
$352,535
-24%
Net assets
2023
2024
Change
Net assets
+$2,875,269
+$3,004,221
+4%
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