Financial Overview

Statements of Financial Information

    2017*     2016*    
ASSETS            
Cash   $110,933     $56,198  
Accounts Receivable and Prepaid Expenses   $9,044     $7,209    
Federal Excise Tax Refund Receivable   $154,639     $175,994    
Investments   $109,713,870     $103,776,359    
         
Total Assets   $109,988,486     $104,015,760    
         
LIABILITIES        
Account Payable   $12,946     $13,348    
Grants Payable          $1,370,000            $800,000    
         
Total Liabilities         $1,382,946           $813,348    
         
NET ASSETS        
Unrestricted   $108,605,540     $103,202,412    
         
Total Liabilities and Net Assets     $108,605,540      $104,015,760    
         
         

Statements of Activities and Changes in Net Assets

    2017*     2016*    
REVENUE              
Interest        $626,164     $662,079    
Dividends and Other Distributions   $1,142,983     $1,255,095    
Income from Limited Partnerships        $2,086,104           $682,217    
Net Realized and Unrealized Gains      $8,199,039        $6,538,515    
Miscellaneous Income   $98     $489    
Less: Investment Fees   $(264,379)     $(240,353)    
         
Total Revenue     $11,790,009     $8,898,042    
         
EXPENSES        
Charitable Grants   $5,849,575     $4,584,525    
Grants Management   $311,984     $321,771    
Management and General   $143,920     $169,350    
Federal Excise Tax   $81,402     $59,827    
         
Total Expenses   $6,386,881     $5,135,473    
         
Increase (Decrease) in Net Assets   $5,403,128     $3,762,569    
         

Net Assets

    2017*     2016*    
At Beginning of Year: January 1   $103,202,412     $99,439,843    
At End of Year: December 31   $108,202,412       $103,202,412    
         
         
*For the years ended December 31, 2017 and 2016.        
         
         

Forms 990

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