PHOENIX ART MUSEUM
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,804,555
Property, Plant, & Equipment (net)
35%
Cash & Equivalents
21%
Other Assets
20%
Receivables (Non-Related)
17%
Inventories
4%
Prepaid Expenses
3%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,387,667
Payables & Accruals
42%
Deferred Revenue
32%
Notes Payable / Debt (Non-Related)
17%
Other Liabilities
10%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,482,765
$1,890,695
-46%
Receivables (Non-Related)
$1,344,522
$1,474,321
+10%
Related-Party Receivables
-
-
-
Inventories
$247,626
$335,676
+36%
Prepaid Expenses
$192,879
$245,788
+27%
Investments
$1,355,168
$0
-100%
Property, Plant, & Equipment (net)
$2,555,516
$3,075,125
+20%
Other Assets
$1,939,061
$1,782,950
-8%
Total Assets
$11,117,537
$8,804,555
-21%
Liabilities
2023
2024
Change
Payables & Accruals
$647,880
$1,406,235
+117%
Grants Payable
-
-
-
Deferred Revenue
$703,326
$1,087,621
+55%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$663,142
$560,225
-16%
Related-Party Payables
-
-
-
Other Liabilities
$344,236
$333,586
-3%
Total Liabilities
$2,358,584
$3,387,667
+44%
Net assets
2023
2024
Change
Restricted Net Assets
$3,547,830
$4,474,808
+26%
Unrestricted Net Assets
$5,211,123
$942,080
-82%
Net assets
2023
2024
Change
Net assets
+$8,758,953
+$5,416,888
-38%
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