THE PHILLIPS COLLECTION
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$128,931,106
Investments
71%
Property, Plant, & Equipment (net)
21%
Receivables (Non-Related)
5%
Other Assets
1%
Cash & Equivalents
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$7,316,661
Tax-Exempt Bond Liabilities
72%
Payables & Accruals
22%
Notes Payable / Debt (Non-Related)
3%
Other Liabilities
2%
Deferred Revenue
1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$536,247
$871,265
+62%
Receivables (Non-Related)
$6,997,173
$7,071,111
+1%
Related-Party Receivables
-
-
-
Inventories
$407,949
$404,300
-1%
Prepaid Expenses
$324,412
$200,911
-38%
Investments
$89,313,114
$91,388,244
+2%
Property, Plant, & Equipment (net)
$28,410,195
$27,218,167
-4%
Other Assets
$1,777,108
$1,777,108
+0%
Total Assets
$127,766,198
$128,931,106
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$998,322
$1,588,752
+59%
Grants Payable
-
-
-
Deferred Revenue
$81,681
$94,706
+16%
Tax-Exempt Bond Liabilities
$5,773,617
$5,303,645
-8%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$250,000
$200,000
-20%
Related-Party Payables
-
-
-
Other Liabilities
$168,567
$129,558
-23%
Total Liabilities
$7,272,187
$7,316,661
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$85,689,849
$86,517,099
+1%
Unrestricted Net Assets
$34,804,162
$35,097,346
+1%
Net assets
2023
2024
Change
Net assets
+$120,494,011
+$121,614,445
+1%
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