Financials

2017 Financials

Current Assets

Cash and cash equivalents

439,418

Unconditional promises to give

125,010

Prepaid expenses

10,657

Prepaid taxes

6,091

Investments

25,620,214

Property and equipment

1,094

Deposits

1,000

Total assets

27,578,362


Liabilities and net assets

Accounts payable and accrued expenses

53,268

Deferred excise taxes

438,000

Grants payable

740,000

Net assets -- unrestricted

26,647,094

Total liabilities and net assets

27,578,362


Revenue and support

Contributions

486,000

Interest income

17,780

Dividend income

479,992

Realized gains

943,429

Unrealized (losses) gains

2,325,353

Total revenue and support

4,252,554


Expenses

Grants

1,467,000

Direct charitable

615,370

Investment management and related

180,734

Excise taxes

73,543

Total Expenses

2,336,647


Changes in net assets

1,915,907

Net assets - unrestricted, beginning of year

24,731,187

Net assets - unrestricted, end of year

26,647,094