NORTON MUSEUM OF ART INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$276,505,429
Investments
42%
Property, Plant, & Equipment (net)
35%
Receivables (Non-Related)
17%
Cash & Equivalents
6%
Prepaid Expenses
<1%
Inventories
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$16,302,866
Notes Payable / Debt (Non-Related)
89%
Payables & Accruals
10%
Deferred Revenue
1%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$11,755,117
$15,996,890
+36%
Receivables (Non-Related)
$42,505,740
$46,177,995
+9%
Related-Party Receivables
-
-
-
Inventories
$201,043
$212,138
+6%
Prepaid Expenses
$1,444,975
$676,072
-53%
Investments
$109,108,963
$115,717,080
+6%
Property, Plant, & Equipment (net)
$99,162,618
$97,716,210
-1%
Other Assets
$128,714
$9,044
-93%
Total Assets
$264,307,170
$276,505,429
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$1,231,610
$1,605,313
+30%
Grants Payable
-
-
-
Deferred Revenue
$426,764
$164,952
-61%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$29,500,000
$14,500,000
-51%
Related-Party Payables
-
-
-
Other Liabilities
-
$32,601
-
Total Liabilities
$31,158,374
$16,302,866
-48%
Net assets
2023
2024
Change
Restricted Net Assets
$107,112,690
$132,502,844
+24%
Unrestricted Net Assets
$126,036,106
$127,699,719
+1%
Net assets
2023
2024
Change
Net assets
+$233,148,796
+$260,202,563
+12%
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