| 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 |
| Assets | 2020 | 2019 |
|---|---|---|
| Cash and Cash Equivalents | $430,867 | $296,152 |
| Investments | 207,539,205 | 181,463,644 |
| Investment-Related Receivables | 673 | 3,401,764 |
| Property and Equipment (Net) | 2,750 | 4,983 |
| Right of Use Asset (Net) | 1,431,996 | 1,497,745 |
| Prepaid Expenses and Other Assets | 46,998 | 91,159 |
| Total Assets | 209,452,489 | 186,755,447 |
| Liabilities and Net Assets | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $200,768 | $21,262 |
| Grants Payable (Net) | 1,514,594 | 1,740,657 |
| Deferred Excise Tax Liability | 543,255 | 311,805 |
| Lease Liability | 1,708,889 | 1,677,411 |
| Total Liabilities | 3,967,506 | 3,751,135 |
| Net Assets: | ||
| Without Donor Restrictions | 201,967,819 | 179,591,155 |
| With Donor Restrictions | 3,517,164 | 3,413,157 |
| Total Net Assets | 205,484,983 | 183,004,312 |
| Total Liabilities and Net Assets | $209,452,489 | $186,755,447 |
| Revenues and Gains (Losses) | 2020 | 2019 |
|---|---|---|
| Net Assets – Beginning of Year: | 183,004,312 | 161,391,945 |
| Net Assets – End of Year: | 205,484,983 | 183,004,312 |
| Investment Return (Net) | 32,009,242 | 30,175,241 |
| Other Income | 1,199 | 3,582 |
| Total Revenues and Gains (Losses) | 32,010,441 | 30,178,823 |
| Expenses | ||
| Program Services | 8,800,944 | 7,926,575 |
| Management and General | 728,826 | 639,881 |
| Total Expenses | 9,529,770 | 8,566,456 |
| Change in Net Assets | 22,480,671 | 21,612,367 |