MINNEAPOLIS COLLEGE OF ART AND DESIGN
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$109,062,799
Investments
58%
Property, Plant, & Equipment (net)
37%
Cash & Equivalents
2%
Receivables (Non-Related)
2%
Other Assets
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$29,028,070
Tax-Exempt Bond Liabilities
74%
Notes Payable / Debt (Non-Related)
11%
Payables & Accruals
10%
Deferred Revenue
3%
Other Liabilities
2%
Grants Payable
<1%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,494,490
$2,459,529
+65%
Receivables (Non-Related)
$905,165
$2,112,785
+133%
Related-Party Receivables
-
-
-
Inventories
$136,476
$174,554
+28%
Prepaid Expenses
$91,738
$332,052
+262%
Investments
$57,741,616
$62,916,826
+9%
Property, Plant, & Equipment (net)
$25,405,388
$39,848,571
+57%
Other Assets
$1,113,608
$1,218,482
+9%
Total Assets
$86,888,481
$109,062,799
+26%
Liabilities
2023
2024
Change
Payables & Accruals
$3,255,392
$2,841,988
-13%
Grants Payable
$190,731
$165,809
-13%
Deferred Revenue
$849,040
$790,916
-7%
Tax-Exempt Bond Liabilities
$2,300,709
$21,473,000
+833%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,920,000
$3,134,153
-36%
Related-Party Payables
-
-
-
Other Liabilities
$694,682
$622,204
-10%
Total Liabilities
$12,210,554
$29,028,070
+138%
Net assets
2023
2024
Change
Restricted Net Assets
$41,629,618
$45,358,106
+9%
Unrestricted Net Assets
$33,048,309
$34,676,623
+5%
Net assets
2023
2024
Change
Net assets
+$74,677,927
+$80,034,729
+7%
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