TAUBMAN MUSEUM OF ART
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$73,398,042
Property, Plant, & Equipment (net)
49%
Investments
46%
Cash & Equivalents
4%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$762,480
Payables & Accruals
90%
Other Liabilities
8%
Deferred Revenue
2%
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
$2,325,039
$2,969,592
+28%
Receivables (Non-Related)
$172,160
$88,809
-48%
Related-Party Receivables
$0
$0
-
Inventories
$13,867
$40,598
+193%
Prepaid Expenses
$21,415
$277,209
+1194%
Investments
$29,122,697
$34,088,495
+17%
Property, Plant, & Equipment (net)
$37,260,615
$35,870,404
-4%
Other Assets
$0
$62,935
-
Total Assets
$68,915,793
$73,398,042
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$227,425
$684,327
+201%
Grants Payable
-
-
-
Deferred Revenue
$83,033
$15,218
-82%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$62,935
-
Total Liabilities
$310,458
$762,480
+146%
Net assets
2023
2024
Change
Restricted Net Assets
$27,542,420
$28,840,521
+5%
Unrestricted Net Assets
$41,062,915
$43,795,041
+7%
Net assets
2023
2024
Change
Net assets
+$68,605,335
+$72,635,562
+6%
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