MONTGOMERY MUSEUM OF FINE ARTS ASSOCIATION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$15,690,106
Investments
61%
Cash & Equivalents
35%
Other Assets
3%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$484,684
Deferred Revenue
82%
Payables & Accruals
18%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,931,108
$5,502,977
+12%
Receivables (Non-Related)
$541,281
$90,702
-83%
Related-Party Receivables
-
-
-
Inventories
$5,538
$14,325
+159%
Prepaid Expenses
$35,537
$5,000
-86%
Investments
$8,810,657
$9,573,277
+9%
Property, Plant, & Equipment (net)
$39,575
$34,346
-13%
Other Assets
$501,775
$469,479
-6%
Total Assets
$14,865,471
$15,690,106
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$53,994
$85,588
+59%
Grants Payable
-
-
-
Deferred Revenue
$460,398
$399,096
-13%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$514,392
$484,684
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$6,554,456
$6,248,878
-5%
Unrestricted Net Assets
$7,796,623
$8,956,544
+15%
Net assets
2023
2024
Change
Net assets
+$14,351,079
+$15,205,422
+6%
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