|
Unrestricted |
Temporarily Restricted |
Permanently Restricted |
Total |
| REVENUES AND OTHER SUPPORT |
|
|
|
|
| Contributions |
$202,909 |
$2,198 |
$10 |
$205,117 |
| Investment income, net |
179,931 |
960,742 |
– |
1,140,673 |
| Beneficial Trust Income |
|
57,851 |
|
57,851 |
| Net realized and unrealized gains |
8,872,744 |
5,837,304 |
– |
14,710,048 |
| Unrealized gain on interest in perpetual trust |
– |
– |
36,770 |
36,770 |
|
9,255,584 |
6,858,095 |
36,780 |
16,150,459 |
| Net assets released from restrictions |
2,175,325 |
(2,175,325) |
– |
– |
| TOTAL REVENUES AND OTHER SUPPORT |
11,430,909 |
4,682,770 |
36,780 |
16,150,459 |
| EXPENSES |
|
|
|
|
| Grants and distributions |
4,368,438 |
– |
– |
4,368,438 |
| Administrative and general expenses |
|
|
|
|
| Salaries |
592,153 |
– |
– |
592,153 |
| Purchased services |
146,611 |
– |
– |
146,611 |
| Employee benefits |
156,186 |
– |
– |
156,186 |
| Supplies and office expenses |
65,617 |
– |
– |
65,617 |
| Payroll taxes |
38,130 |
– |
– |
38,130 |
| Other expenses |
17,589 |
– |
– |
17,589 |
| Depreciation |
1,541 |
– |
– |
1,541 |
| Total administrative and general expenses |
1,017,827 |
– |
– |
1,017,827 |
| TOTAL EXPENSES |
5,386,265 |
– |
– |
5,386,265 |
| CHANGE IN NET ASSETS |
6,044,644 |
4,682,770 |
36,780 |
10,764,194 |
| NET ASSETS, beginning of year |
66,907,569 |
44,896,882 |
5,985,123 |
117,789,574 |
| RECLASSIFICATION OF NET ASSETS |
81,117 |
(81,117) |
|
|
| NET ASSETS, end of year |
$73,033,330 |
$49,498,535 |
$6,021,903 |
$128,553,768 |
