2019 Statements of Financial Activities
Statements of financial position
| YEAR ENDED NOVEMBER 30 | 2019 | 2018 |
|---|---|---|
| Assets | ||
| Cash & Cash Equivalents | $ 2,955,594 | $ 1,443,235 |
| Pending Trade Receivables | - | $ 2,774,278 |
| Investments, at Fair Value | $ 103,784,028 | $ 98,488,574 |
| Federal Excise Tax Refundable | $ 110,984 | $ 23,691 |
| Loan Receivable | $ 270,872 | $ 270,872 |
| Total Assets | $107,121,478 | $103,000,650 |
| Liabilities & Net Assets | ||
| Liabilities: Grants Payable | $ 2,999,352 | $ 2,536,183 |
| Net Assets: Unrestricted | $ 104,122,126 | $ 100,464,467 |
| Total Liabilities & Net Assets | $ 107,121,478 | $ 103,000,650 |
Statements of activities
| YEAR ENDED NOVEMBER 30 | 2019 | 2018 |
|---|---|---|
| Revenues | ||
| In-Kind Contributions | $ 406,950 | $ 388,981 |
| Contributions | $ 1,230,000 | $ 1,227,441 |
| Investment Income: | ||
| Dividends & Interest | - | $ 749,892 |
| Net Realized & Unrealized Gain on Investments | $ 7,626,238 | $ 755,400 |
| Total Revenues | $ 9,263,188 | $ 3,121,714 |
| Expenses | ||
| Grants & Matching Gifts | $ 5,167,818 | $ 4,530,594 |
| Investment Management & Agency Fees | - | $ 1,188,323 |
| Current Provision for Federal Excise Tax | - | $ 119,529 |
| General & Administrative | $ 437,711 | $ 388,981 |
| Total Expenses | $ 5,605,529 | $ 6,227,427 |
| Net Assets, Beginning of Year | $ 100,464,467 | $ 103,570,180 |
| Net Assets, End of Year | $ 104,122,126 | $ 100,464,467 |
| Increase in Net Assets | $ 3,657,659 | $ (3,105,713) |