The Art Institute of Chicago
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,070,527,457
Investments
75%
Property, Plant, & Equipment (net)
17%
Receivables (Non-Related)
3%
Cash & Equivalents
3%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$245,300,480
Notes Payable / Debt (Non-Related)
43%
Other Liabilities
20%
Payables & Accruals
17%
Tax-Exempt Bond Liabilities
14%
Deferred Revenue
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$50,991,655
$52,680,354
+3%
Receivables (Non-Related)
$44,571,567
$64,839,059
+45%
Related-Party Receivables
$0
$0
-
Inventories
$2,809,730
$2,387,015
-15%
Prepaid Expenses
$3,417,005
$3,309,890
-3%
Investments
$1,381,598,939
$1,555,516,296
+13%
Property, Plant, & Equipment (net)
$360,546,216
$353,549,828
-2%
Other Assets
$42,142,679
$38,245,015
-9%
Total Assets
$1,886,077,791
$2,070,527,457
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$35,206,095
$40,971,060
+16%
Grants Payable
-
-
-
Deferred Revenue
$14,754,042
$13,393,382
-9%
Tax-Exempt Bond Liabilities
$36,250,000
$35,250,000
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$114,789,007
$105,877,319
-8%
Related-Party Payables
$0
$0
-
Other Liabilities
$58,595,307
$49,808,719
-15%
Total Liabilities
$259,594,451
$245,300,480
-6%
Net assets
2023
2024
Change
Restricted Net Assets
-
$1,121,485,639
-
Unrestricted Net Assets
-
$703,741,338
-
Net assets
2023
2024
Change
Net assets
+$1,626,483,340
+$1,825,226,977
+12%
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