Financial Overview

Statements of Financial Information

    2018*     2017*    
ASSETS            
Cash   $83,907     $110,933  
Accounts Receivable and Prepaid Expenses   $9,737     $9,044    
Federal Excise Tax Refund Receivable   $113,758     $154,639    
Investments   $99,410,534     $109,713,870    
         
Total Assets   $99,617,936     $109,988,486    
         
LIABILITIES        
Account Payable   $12,250     $12,946    
Grants Payable          $1,235,000            $1,370,000    
         
Total Liabilities         $1,247,250           $1,382,946    
         
NET ASSETS        
Unrestricted   $98,370,686     $108,605,540    
         
Total Liabilities and Net Assets     $99,617,936      $109,988,486    
         
         

Statements of Activities and Changes in Net Assets

    2018*     2017*    
REVENUE              
Net Investment Return   $(4,724,682)     $11,692,944    
         
EXPENSES        
Charitable Grants   $5,031,425     $5,849,575    
Grants Management   $318,743     $311,984    
Management and General   $84,123     $46,855    
Federal Excise Tax   $75,881     $81,402    
         
Total Expenses   $5,510,172     $6,289,816    
         
Increase (Decrease) in Net Assets   $(10,234,854)     $5,403,128    
         

Net Assets

    2018*     2017*    
At Beginning of Year: January 1   $108,605,540     $103,202,412    
At End of Year: December 31   $98,370,686       $108,605,540    
         
         
*For the years ended December 31, 2018 and 2017.        
         
         

Forms 990

       
         
For Fiscal Year 2018        
For Fiscal Year 2017        
For Fiscal Year 2016        
For Fiscal Year 2015        
For Fiscal Year 2014        
For Fiscal Year 2013