ROCKFORD ART MUSEUM
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$10,798,701
Other Assets
51%
Investments
32%
Property, Plant, & Equipment (net)
10%
Receivables (Non-Related)
4%
Cash & Equivalents
3%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$357,506
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
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
$233,925
$310,088
+33%
Receivables (Non-Related)
$341,005
$403,195
+18%
Related-Party Receivables
-
-
-
Inventories
$6,132
$5,670
-8%
Prepaid Expenses
-
-
-
Investments
$3,460,587
$3,465,639
+0%
Property, Plant, & Equipment (net)
$525,904
$1,072,500
+104%
Other Assets
$6,242,824
$5,541,609
-11%
Total Assets
$10,810,377
$10,798,701
0%
Liabilities
2023
2024
Change
Payables & Accruals
$317,117
$357,506
+13%
Grants Payable
-
-
-
Deferred Revenue
$35,000
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$352,117
$357,506
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$7,632,021
$7,375,020
-3%
Unrestricted Net Assets
$2,826,239
$3,066,175
+8%
Net assets
2023
2024
Change
Net assets
+$10,458,260
+$10,441,195
0%
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