THE MUSEUM OF CONTEMPORARY ART LOS ANGELES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$215,337,174
Investments
82%
Cash & Equivalents
9%
Receivables (Non-Related)
4%
Property, Plant, & Equipment (net)
2%
Inventories
2%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,159,627
Payables & Accruals
76%
Notes Payable / Debt (Non-Related)
24%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$23,825,270
$20,105,634
-16%
Receivables (Non-Related)
$4,713,326
$7,974,843
+69%
Related-Party Receivables
-
-
-
Inventories
$3,802,745
$3,832,908
+1%
Prepaid Expenses
$233,201
$190,115
-18%
Investments
$166,025,605
$177,196,462
+7%
Property, Plant, & Equipment (net)
$4,456,459
$3,992,032
-10%
Other Assets
$509,524
$2,045,180
+301%
Total Assets
$203,566,130
$215,337,174
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$1,550,282
$1,635,811
+6%
Grants Payable
-
-
-
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$698,449
$523,816
-25%
Related-Party Payables
-
-
-
Other Liabilities
$5,000
$0
-100%
Total Liabilities
$2,253,731
$2,159,627
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$182,371,853
$194,840,638
+7%
Unrestricted Net Assets
$18,940,546
$18,336,909
-3%
Net assets
2023
2024
Change
Net assets
+$201,312,399
+$213,177,547
+6%
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