CORPORATION OF THE FINE ARTS MUSEUMS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$32,152,598
Receivables (Non-Related)
43%
Cash & Equivalents
25%
Property, Plant, & Equipment (net)
12%
Other Assets
10%
Prepaid Expenses
6%
Inventories
4%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$17,882,023
Payables & Accruals
58%
Other Liabilities
23%
Deferred Revenue
10%
Custodial & Escrow Liabilities
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,736,370
$7,949,443
-26%
Receivables (Non-Related)
$4,353,790
$13,788,137
+217%
Related-Party Receivables
-
-
-
Inventories
$1,433,152
$1,221,046
-15%
Prepaid Expenses
$1,726,119
$2,073,558
+20%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,528,483
$3,775,650
+7%
Other Assets
$3,445,843
$3,344,764
-3%
Total Assets
$25,223,757
$32,152,598
+27%
Liabilities
2023
2024
Change
Payables & Accruals
$6,492,465
$10,448,138
+61%
Grants Payable
-
-
-
Deferred Revenue
$2,111,959
$1,753,404
-17%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$1,499,570
$1,582,183
+6%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$6,187,886
$4,098,298
-34%
Total Liabilities
$16,291,880
$17,882,023
+10%
Net assets
2023
2024
Change
Restricted Net Assets
$10,802,495
$13,925,471
+29%
Unrestricted Net Assets
-$1,870,618
$345,104
-118%
Net assets
2023
2024
Change
Net assets
+$8,931,877
+$14,270,575
+60%
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