THE HIP HOP MUSEUM
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,340,350
Property, Plant, & Equipment (net)
60%
Cash & Equivalents
23%
Receivables (Non-Related)
16%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,847,270
Payables & Accruals
51%
Notes Payable / Debt (Non-Related)
49%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,215,165
$1,688,952
-24%
Receivables (Non-Related)
$28,117
$1,169,659
+4060%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,250
$86,679
+1551%
Investments
-
-
-
Property, Plant, & Equipment (net)
$693,240
$4,395,060
+534%
Other Assets
$10,000
-
-
Total Assets
$2,951,772
$7,340,350
+149%
Liabilities
2023
2024
Change
Payables & Accruals
$667,245
$1,458,375
+119%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$1,388,895
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$667,245
$2,847,270
+327%
Net assets
2023
2024
Change
Restricted Net Assets
$2,284,527
$1,122,332
-51%
Unrestricted Net Assets
$0
$3,370,748
-
Net assets
2023
2024
Change
Net assets
+$2,284,527
+$4,493,080
+97%
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