| 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 |
| Assets | 2019 | 2018 |
|---|---|---|
| Cash and Cash Equivalents | $296,152 | $201,774 |
| Investments | 181,463,644 | 163,981,970 |
| Investment-Related Receivables | 3,401,764 | 110,045 |
| Property and Equipment (Net) | 4,983 | 8,127 |
| Right of Use Asset (Net) | 1,497,745 | — |
| Prepaid Expenses and Other Assets | 91,159 | 37,389 |
| Total Assets | 186,755,447 | 164,339,305 |
| Liabilities and Net Assets | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $21,262 | $61,971 |
| Grants Payable (Net) | 1,740,657 | 2,880,160 |
| Deferred Excise Tax Liability | 311,805 | 5,229 |
| Lease Liability | 1,677,411 | — |
| Total Liabilities | 3,751,135 | 2,947,360 |
| Net Assets: | ||
| Without Donor Restrictions | 179,591,155 | 158,406,945 |
| With Donor Restrictions | 3,413,157 | 2,985,000 |
| Total Net Assets | 183,004,312 | 161,391,945 |
| Total Liabilities and Net Assets | $186,755,447 | $164,339,305 |
| Revenues and Gains (Losses) | 2019 | 2018 |
|---|---|---|
| Net Assets – Beginning of Year: | 161,391,945 | 184,552,265 |
| Net Assets – End of Year: | 183,004,312 | 161,391,945 |
| Investment Return (Net) | 30,175,241 | (12,346,069) |
| Other Income | 3,582 | — |
| Total Revenues and Gains (Losses) | 30,178,823 | (12,346,069) |
| Expenses | ||
| Program Services | 7,926,575 | 10,606,717 |
| Management and General | 639,881 | 207,534 |
| Total Expenses | 8,566,456 | 10,814,251 |
| Change in Net Assets | 21,612,367 | -23,160,320 |