Financials

2016 Assets

Current Assets

Cash and cash equivalents

136,705

Unconditional promises to give

646,000

Prepaid expenses

15,279

Prepaid taxes

11,156

Investments

24772,654

Property and equipment

1,823

Deposits

1,000

Total assets

25,584,617


Liabilities and net assets

Accounts payable and accrued expenses

46,430

Deferred excise taxes

92,000

Grants payable

715,000

Net assets -- unrestricted

24,731,187

Total liabilities and net assets

25,584,617


Revenue and support

Contributions

754,000

Interest income

13,346

Dividend income

492,331

Realized gains

508,326

Unrealized (losses) gains

941,460

Total revenue and support

2,709,463


Expenses

Grants

1,502,500

Direct charitable

572,693

Investment management and related

205,955

Excise taxes

26,214

Total Expenses

2,307,362


Changes in net assets

402,101

Net assets - unrestricted, beginning of year

24,329,086

Net assets - unrestricted, end of year

24,731,187