MAGNUM CULTURAL FOUNDATION
MAGNUM CULTURAL FOUNDATION
MAGNUM CULTURAL FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,067,586
Cash & Equivalents
62%
Property, Plant, & Equipment (net)
19%
Receivables (Non-Related)
12%
Other Assets
8%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$68,648
Payables & Accruals
96%
Grants Payable
4%
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
$3,006,199
$2,517,648
-16%
Receivables (Non-Related)
$546,736
$471,347
-14%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$34,526
$12,741
-63%
Investments
$48,922
-
-
Property, Plant, & Equipment (net)
$793,018
$758,290
-4%
Other Assets
$264,400
$307,560
+16%
Total Assets
$4,693,801
$4,067,586
-13%
Liabilities
2023
2024
Change
Payables & Accruals
$123,669
$66,148
-47%
Grants Payable
$22,520
$2,500
-89%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$146,189
$68,648
-53%
Net assets
2023
2024
Change
Restricted Net Assets
$636,332
$479,500
-25%
Unrestricted Net Assets
$3,911,280
$3,519,438
-10%
Net assets
2023
2024
Change
Net assets
+$4,547,612
+$3,998,938
-12%
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