MISSISSIPPI MUSEUM OF ART INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$3,379,728
Cash & Equivalents
69%
Property, Plant, & Equipment (net)
28%
Receivables (Non-Related)
2%
Inventories
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$5,218,762
Deferred Revenue
51%
Other Liabilities
24%
Notes Payable / Debt (Non-Related)
21%
Payables & Accruals
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,175,063
$2,321,464
+98%
Receivables (Non-Related)
$67,627
$81,456
+20%
Related-Party Receivables
-
-
-
Inventories
$61,282
$36,425
-41%
Prepaid Expenses
$13,160
$8,765
-33%
Investments
-
-
-
Property, Plant, & Equipment (net)
$913,770
$931,618
+2%
Other Assets
-
-
-
Total Assets
$2,230,902
$3,379,728
+51%
Liabilities
2023
2024
Change
Payables & Accruals
$124,480
$173,224
+39%
Grants Payable
-
-
-
Deferred Revenue
$1,535,852
$2,683,208
+75%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,195,914
$1,117,330
-7%
Related-Party Payables
-
-
-
Other Liabilities
$1,245,000
$1,245,000
+0%
Total Liabilities
$4,101,246
$5,218,762
+27%
Net assets
2023
2024
Change
Restricted Net Assets
$939,142
$30,741
-97%
Unrestricted Net Assets
-$2,809,486
-$1,869,775
+33%
Net assets
2023
2024
Change
Net assets
-$1,870,344
-$1,839,034
+2%
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