Financial Review
| Assets | 2017 | 2016 |
|---|---|---|
| Cash & Cash Equivalents | $143,823 | $845,213 |
| Interest & Dividends Receivable | 435 | 7 |
| Receivable from Brokers | 136,446 | 877,672 |
| Investments, at fair value | 185,054,881 | 166,239,096 |
| Other Assets | 37,630 | 53,615 |
| Property and Equipment, net | 11,547 | 872 |
| Total Assets | 185,384,762 | 168,016,475 |
| Liabilities & Net Assets | ||
| Accounts payable to brokers and others | $55,680 | $58,066 |
| Deferred excise tax liability | 200,402 | 38,847 |
| Contributions Payable, net | 576,415 | 933,961 |
| Total Liabilities | 832,497 | 1,030,874 |
| Net Assets: | ||
| Unrestricted | 181,140,861 | 163,949,566 |
| Temporarily Restricted | 3,183,548 | 2,808,179 |
| Permanently Restricted | 227,856 | 227,856 |
| Total Net Assets | 184,552,265 | 166,985,601 |
| Total Liabilities and Net Assets | $185,384,762 | $168,016,475 |
| Revenues, Gains and Other Support | 1/1- 12/31/17 | 1/1- 12/31/16 |
|---|---|---|
| Beginning Net Assets: | 166,985,601 | 165,382,704 |
| Ending Net Assets: | 184,552,265 | 166,985,601 |
| Grants Received | 2,650 | – |
| Interest | 1,447,600 | 1,541,514 |
| Dividends | 2,189,529 | 1,977,395 |
| Net realized and unrealized gains on investments | 23,723,662 | 7,159,717 |
| Other investment income (loss) | 1,723,500 | 1,240,531 |
| Total Revenues | 29,086,941 | 11,919,157 |
| Program Expense: | ||
| Charitable Contributions | 8,220,254 | 7,884,731 |
| Program Administration Costs | 793,224 | 761,114 |
| Total Program Expense | 9,013,478 | 8,645,845 |
| General & Administration: | ||
| Financial Counseling fees | 1,984,197 | 1,321,117 |
| Administration costs | 253,709 | 245,458 |
| Federal Excise tax expense | 268,893 | 103,840 |
| Total General and Administrative Expenses | 2,506,799 | 1,670,415 |
| Total Expenses | 11,520,277 | 10,316,260 |
| Change in net assets: | 17,566,664 | 1,602,897 |