Assets | 2022 | 2021 |
---|---|---|
Cash and Cash Equivalents | $954,599 | $2,023,487 |
Investments | 182,890,790 | 203,960,589 |
Investment-Related Receivables | 581 | 20,238,617 |
Property and Equipment (Net) | 1,429 | 2,455 |
Right of Use Asset (Net) | 1,185,872 | 1,320,122 |
Prepaid Expenses and Other Assets | 125,078 | 45,092 |
Total Assets | $185,158,349 | $227,590,362 |
Liabilities and Net Assets | ||
Liabilities: | ||
Accounts Payable and Accrued Expenses | $52,965 | $60,747 |
Grants Payable (Net) | 464,242 | 1,194,314 |
Deferred Excise Tax Liability | 212,632 | 630,772 |
Lease Liability | 1,504,544 | 1,620,115 |
Total Liabilities | 2,234,383 | 3,505,948 |
Net Assets: | ||
Without Donor Restrictions | 179,867,710 | 220,303,921 |
With Donor Restrictions | 3,056,526 | 3,780,493 |
Total Net Assets | 182,923,966 | 224,084,414 |
Total Liabilities and Net Assets | 185,158,349 | $227,590,362 |
Revenues and Gains (Losses) | 2022 | 2021 |
---|---|---|
Net Assets – Beginning of Year: | $224,084,414 | $205,484,983 |
Net Assets – End of Year: | $182,923,966 | $224,084,414 |
Investment Return (Net) | -32,406,748 | 29,529,479 |
Other Income | 4,372 | 3,319 |
Total Revenues and Gains (Losses) | -32,402,376 | 29,532,798 |
Expenses | ||
Program Services | 8,832,945 | 10,248,099 |
Management and General | -74,873 | 685,268 |
Total Expenses | 8,758,072 | 10,933,367 |
Change in Net Assets | -41,160,448 | 18,599,431 |
Assets | 2021 | 2020 |
---|---|---|
Cash and Cash Equivalents | $2,023,487 | $430,867 |
Investments | 203,960,589 | 207,539,205 |
Investment-Related Receivables | 20,238,617 | 673 |
Property and Equipment (Net) | 2,455 | 2,750 |
Right of Use Asset (Net) | 1,320,122 | 1,431,996 |
Prepaid Expenses and Other Assets | 45,092 | 46,998 |
Total Assets | $227,590,362 | $209,452,489 |
Liabilities and Net Assets | ||
Liabilities: | ||
Accounts Payable and Accrued Expenses | $60,747 | $200,768 |
Grants Payable (Net) | 1,194,314 | 1,514,594 |
Deferred Excise Tax Liability | 630,772 | 543,255 |
Lease Liability | 1,620,115 | 1,708,889 |
Total Liabilities | 3,505,948 | 3,967,506 |
Net Assets: | ||
Without Donor Restrictions | 220,303,921 | 201,967,819 |
With Donor Restrictions | 3,780,493 | 3,517,164 |
Total Net Assets | 224,084,414 | 205,484,983 |
Total Liabilities and Net Assets | $227,590,362 | $209,452,489 |
Revenues and Gains (Losses) | 2021 | 2020 |
---|---|---|
Net Assets – Beginning of Year: | $205,484,983 | $183,004,312 |
Net Assets – End of Year: | $224,084,414 | $205,484,983 |
Investment Return (Net) | 29,529,479 | 32,009,242 |
Other Income | 3,319 | 1,199 |
Total Revenues and Gains (Losses) | 29,532,798 | 32,010,441 |
Expenses | ||
Program Services | 10,248,099 | 8,800,944 |
Management and General | 685,268 | 728,826 |
Total Expenses | 10,933,367 | 9,529,770 |
Change in Net Assets | 18,599,431 | 22,480,671 |