| Assets | 2024 | 2023 |
|---|---|---|
| Cash and Cash Equivalents | $312,914 | $211,978 |
| Investments | 217,455,909 | 202,325,504 |
| Investment-Related Receivables | 613 | 751 |
| Right of Use Asset (Net) | 894,998 | 1,018,060 |
| Prepaid Expenses and Other Assets | 188,478 | 151,439 |
| Total Assets | $218,852,912 | $203,707,732 |
| Liabilities and Net Assets | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $58,028 | $23,961 |
| Grants Payable (Net) | 2,208,534 | 1,582,690 |
| Deferred Excise Tax Liability | 708,396 | 507,052 |
| Lease Liability | 1,222,942 | 1,348,779 |
| Total Liabilities | 4,197,900 | 3,462,482 |
| Net Assets: | ||
| Without Donor Restrictions | 211,151,112 | 196,907,304 |
| With Donor Restrictions | 3,503,900 | 3,337,946 |
| Total Net Assets | 214,655,012 | 200,245,250 |
| Total Liabilities and Net Assets | $218,852,912 | $203,707,732 |
| Revenues and Gains (Losses) | 2024 | 2023 |
|---|---|---|
| Net Assets – Beginning of Year: | $200,245,250 | $182,923,966 |
| Net Assets – End of Year: | $214,655,012 | $200,245,250 |
| Investment Return (Net) | 26,240,827 | 28,654,713 |
| Other Income | 2,392 | 4,520 |
| Total Revenues and Gains (Losses) | 26,243,219 | 28,659,233 |
| Expenses | ||
| Program Services | 11,107,080 | 10,597,256 |
| Management and General | 338,880 | 348,288 |
| Excise Tax Expense (Benefit) | 387,497 | 392,405 |
| Total Expenses | 11,833,457 | 11,337,949 |
| Change in Net Assets | 14,409,762 | 17,321,284 |
| Assets | 2023 | 2022 |
|---|---|---|
| Cash and Cash Equivalents | $211,978 | $954,599 |
| Investments | 202,325,504 | 182,890,790 |
| Investment-Related Receivables | 751 | 581 |
| Right of Use Asset (Net) | 1,018,060 | 1,185,872 |
| Prepaid Expenses and Other Assets | 151,439 | 126,507 |
| Total Assets | $203,707,732 | $185,158,349 |
| Liabilities and Net Assets | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $23,961 | $52,965 |
| Grants Payable (Net) | 1,582,690 | 464,242 |
| Deferred Excise Tax Liability | 507,052 | 212,632 |
| Lease Liability | 1,348,779 | 1,504,544 |
| Total Liabilities | 3,462,482 | 2,234,383 |
| Net Assets: | ||
| Without Donor Restrictions | 196,907,304 | 179,867,710 |
| With Donor Restrictions | 3,337,946 | 3,056,526 |
| Total Net Assets | 200,245,250 | 182,923,966 |
| Total Liabilities and Net Assets | 203,707,732 | 185,158,349 |
| Revenues and Gains (Losses) | 2023 | 2022 |
|---|---|---|
| Net Assets – Beginning of Year: | $182,923,966 | $224,084,414 |
| Net Assets – End of Year: | $200,245,250 | $182,923,966 |
| Investment Return (Net) | 28,654,713 | -32,406,748 |
| Other Income | 4,520 | 4,372 |
| Total Revenues and Gains (Losses) | 28,659,233 | -32,402,376 |
| Expenses | ||
| Program Services | 10,597,256 | 8,832,945 |
| Management and General | 348,288 | 310,236 |
| Excise Tax Expense (Benefit) | 392,405 | -385,109 |
| Total Expenses | 11,337,949 | 8,758,072 |
| Change in Net Assets | 17,321,284 | -41,160,448 |