| |
Unrestricted |
Temporarily Restricted |
Permanently Restricted |
Total |
| REVENUES AND OTHER SUPPORT |
|
|
|
|
| Contributions |
$142,792 |
$2,481 |
|
$145,273 |
| Investment income, net |
2,045,236 |
1,037,722 |
- |
3,082,958 |
| Beneficial Trust Income |
|
67,904 |
|
67,904 |
| Net realized and unrealized (losses) |
(3,652,040) |
(2,720,575) |
- |
(6,372,615) |
| Unrealized gain on interest in perpetual trust |
- |
- |
47,347 |
47,347 |
|
(1,464,012) |
(1,612,468) |
47,347 |
(3,029,133) |
| Net assets released from restrictions |
2,407,430 |
(2,407,430) |
- |
- |
| TOTAL REVENUES AND OTHER SUPPORT |
943,418 |
(4,019,898) |
47,347 |
(3,029,133) |
| EXPENSES |
|
|
|
|
| Grants and distributions |
6,667,303 |
- |
- |
6,667,303 |
| Administrative and general expenses |
|
|
|
|
| Salaries |
582,359 |
- |
- |
582,359 |
| Purchased services |
164,553 |
- |
- |
164,553 |
| Employee benefits |
192,721 |
- |
- |
192,721 |
| Supplies and office expenses |
50,730 |
- |
- |
50,730 |
| Payroll taxes |
36,392 |
- |
- |
36,392 |
| Other expenses |
18,880 |
- |
- |
18,880 |
| Depreciation |
1,784 |
- |
- |
1,784 |
| Total administrative and general expenses |
1,047,419 |
- |
- |
1,047,419 |
| TOTAL EXPENSES |
7,714,722 |
- |
- |
7,714,722 |
| CHANGE IN NET ASSETS |
(6,771,304) |
(4,019,898) |
47,347 |
(10,743,855) |
| NET ASSETS, beginning of year |
73,639,087 |
48,956,566 |
5,937,776 |
128,533,429 |
| RECLASSIFICATION OF NET ASSETS |
39,786 |
(39,786) |
|
|
| NET ASSETS, end of year |
$66,907,569 |
$44,896,882 |
$5,985,123 |
$117,789,574 |
