Financial Overview

Statements of Financial Information

    2019*     2018*    
ASSETS            
Cash   $300     $83,907  
Accounts Receivable and Prepaid Expenses   $13,598     $9,737    
Federal Excise Tax Refund Receivable   $150,069     $9,737    
Investments   $110,223,818     $99,410,534    
         
Total Assets   $110,387,785     $99,617,936    
         
LIABILITIES        
Checks Written in Excess of Bank Balance   $2,153     $0    
Account Payable   $15,251     $12,250    
Grants Payable   $1,670,000       $1,235,000    
         
Total Liabilities   $1,687,404         $1,247,250    
         
NET ASSETS        
Unrestricted   $108,700,381     $98,370,686    
         
Total Liabilities and Net Assets   $110,387,785     $99,617,936     
         
         

Statements of Activities and Changes in Net Assets

    2019*     2018*    
REVENUE              
Net Investment Return   $16,222,195     $(4,724,682)    
         
EXPENSES        
Charitable Grants   $5,502,175     $5,031,425    
Grants Management   $308,766     $318,743    
Management and General   $42,870     $84,123    
Federal Excise Tax   $38,689     $75,881    
         
Total Expenses   $5,892,500     $5,510,172    
         
Increase (Decrease) in Net Assets   $10,329,695     $(10,234,854)    
         

Net Assets

    2019*     2018*    
               
At Beginning of Year: January 1   $98,370,686     $108,605,540    
At End of Year: December 31   $108,700,381     $98,370,686    
         
         
*For the years ended December 31, 2019 and 2018.        
         
         

Forms 990

       
         
For Fiscal Year 2019        
For Fiscal Year 2018        
For Fiscal Year 2017        
For Fiscal Year 2016        
For Fiscal Year 2015        
For Fiscal Year 2014        
For Fiscal Year 2013