2019 Annual Report Financials

2019 Statements of Financial Activities

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Statements of financial position

YEAR ENDED NOVEMBER 3020192018
 
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 3020192018
 
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)