RACINE ART MUSEUM ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$12,492,523
Investments
66%
Property, Plant, & Equipment (net)
28%
Other Assets
3%
Cash & Equivalents
2%
Inventories
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$394,002
Other Liabilities
72%
Payables & Accruals
24%
Deferred Revenue
4%
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
$269,426
$211,952
-21%
Receivables (Non-Related)
$997,053
$17,651
-98%
Related-Party Receivables
-
-
-
Inventories
$71,316
$64,694
-9%
Prepaid Expenses
$38,185
$35,335
-7%
Investments
$7,309,114
$8,251,017
+13%
Property, Plant, & Equipment (net)
$3,779,699
$3,559,005
-6%
Other Assets
$433,735
$352,869
-19%
Total Assets
$12,898,528
$12,492,523
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$125,469
$93,770
-25%
Grants Payable
-
-
-
Deferred Revenue
$19,399
$17,304
-11%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$340,965
$282,928
-17%
Total Liabilities
$485,833
$394,002
-19%
Net assets
2023
2024
Change
Restricted Net Assets
$6,326,407
$5,015,739
-21%
Unrestricted Net Assets
$6,086,288
$7,082,782
+16%
Net assets
2023
2024
Change
Net assets
+$12,412,695
+$12,098,521
-3%
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