MIDLAND CENTER FOR THE ARTS INC
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$119,880,225
Investments
71%
Receivables (Non-Related)
12%
Property, Plant, & Equipment (net)
9%
Cash & Equivalents
7%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$3,699,459
Payables & Accruals
48%
Deferred Revenue
37%
Other Liabilities
16%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$20,739,153
$8,632,602
-58%
Receivables (Non-Related)
$19,453,205
$14,878,304
-24%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$411,193
$680,963
+66%
Investments
$61,614,062
$85,127,340
+38%
Property, Plant, & Equipment (net)
$9,277,287
$10,561,016
+14%
Other Assets
-
-
-
Total Assets
$111,494,900
$119,880,225
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$875,282
$1,764,203
+102%
Grants Payable
-
-
-
Deferred Revenue
$1,093,134
$1,353,366
+24%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$609,567
$581,890
-5%
Total Liabilities
$2,577,983
$3,699,459
+44%
Net assets
2023
2024
Change
Restricted Net Assets
$48,969,405
$49,436,947
+1%
Unrestricted Net Assets
$59,947,512
$66,743,819
+11%
Net assets
2023
2024
Change
Net assets
+$108,916,917
+$116,180,766
+7%
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