THE MUSEUM OF CONTEMPORARY ART OF GEORGIA INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$11,957,396
Other Assets
67%
Cash & Equivalents
21%
Property, Plant, & Equipment (net)
12%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$582,683
Other Liabilities
70%
Notes Payable / Debt (Non-Related)
30%
Payables & Accruals
0%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,780,465
$2,502,798
-10%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$523,090
$1,452,293
+178%
Other Assets
$7,187,217
$8,002,305
+11%
Total Assets
$10,490,772
$11,957,396
+14%
Liabilities
2023
2024
Change
Payables & Accruals
-
-
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$126,606
$176,606
+39%
Related-Party Payables
-
-
-
Other Liabilities
$281,300
$406,077
+44%
Total Liabilities
$407,906
$582,683
+43%
Net assets
2023
2024
Change
Restricted Net Assets
$8,075,634
$7,859,228
-3%
Unrestricted Net Assets
$2,007,232
$3,515,485
+75%
Net assets
2023
2024
Change
Net assets
+$10,082,866
+$11,374,713
+13%
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