PALM SPRINGS ART MUSEUM
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$40,516,080
Investments
57%
Property, Plant, & Equipment (net)
33%
Receivables (Non-Related)
5%
Cash & Equivalents
2%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,379,242
Notes Payable / Debt (Non-Related)
70%
Payables & Accruals
24%
Deferred Revenue
3%
Other Liabilities
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$756,847
$975,636
+29%
Receivables (Non-Related)
$2,574,403
$2,009,446
-22%
Related-Party Receivables
-
-
-
Inventories
$261,615
$155,993
-40%
Prepaid Expenses
$144,669
$261,820
+81%
Investments
$22,038,987
$22,973,900
+4%
Property, Plant, & Equipment (net)
$11,643,345
$13,394,687
+15%
Other Assets
$834,320
$744,598
-11%
Total Assets
$38,254,186
$40,516,080
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$569,880
$825,745
+45%
Grants Payable
-
-
-
Deferred Revenue
$96,476
$94,680
-2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$2,375,000
-
Related-Party Payables
-
-
-
Other Liabilities
$107,066
$83,817
-22%
Total Liabilities
$773,422
$3,379,242
+337%
Net assets
2023
2024
Change
Restricted Net Assets
$27,880,969
$27,697,287
-1%
Unrestricted Net Assets
$9,599,795
$9,439,551
-2%
Net assets
2023
2024
Change
Net assets
+$37,480,764
+$37,136,838
-1%
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