Financial Overview

Statements of Financial Information

    2020*     2019*    
ASSETS            
Cash   $29,490     $300  
Accounts Receivable and Prepaid Expenses   $7,366     $13,598    
Federal Excise Tax Refund Receivable   $116,765     $150,069    
Investments   $105,691,630     $110,223,818    
         
Total Assets   $105,845,251     $110,387,785    
         
LIABILITIES        
Checks Written in Excess of Bank Balance         $2,153    
Account Payable   $25,018     $15,251    
Grants Payable   $1,160,000       $1,670,000    
         
Total Liabilities   $1,185,018         $1,687,404    
         
NET ASSETS        
Unrestricted   $104,660,233     $108,700,381    
         
Total Liabilities and Net Assets   $105,845,251     $110,387,785     
         
         

Statements of Activities and Changes in Net Assets

    2020*     2019*    
REVENUE              
Net Investment Return   $2,667,238     $16,222,195    
         
EXPENSES        
Charitable Grants   $6,330,265     $5,502,175    
Grants Management   $286,568     $308,766    
Management and General   $32,249     $42,870    
Federal Excise Tax   $58,304     $38,689    
         
Total Expenses   $6,707,386     $5,892,500    
         
Increase (Decrease) in Net Assets   $(4,040,148)     $10,329,695    
         

Net Assets

    2020*     2019*    
               
At Beginning of Year: January 1   $108,700,381     $98,370,686    
At End of Year: December 31   $104,660,233     $108,700,381    
         
         
*For the years ended December 31, 2020 and 2019.        
         
         

Forms 990

       
         
For Fiscal Year 2020        
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