| Unrestricted | Temporarily Restricted |
Permanently Restricted |
Total | |
REVENUES AND OTHER SUPPORT |
||||
| Contributions | $13,083 | $33,383 | $10 | $46,476 |
| Investment income, net | 2,036,107 | 1,238,117 | - | 3,274,224 |
| Beneficial Trust Income | 62,142 | 62,142 | ||
| Net realized and unrealized gains | 2,253,758 | 1,838,325 | - | 4,092,083 |
| Unrealized gain (loss) on interest in perpetual trust | - | - | 146,953 | 146,953 |
| 4,302,948 | 3,171,967 | 146,963 | 7,621,878 | |
| Net assets released from restrictions | 2,492,630 | (2,492,630) | - | - |
TOTAL REVENUES AND OTHER SUPPORT |
6,795,578 | 679,337 | 146,963 | 7,621,878 |
EXPENSES |
||||
| Grants and distributions | 15,542,739 | - | - | 15,542,739 |
| Administrative and general expenses | ||||
| Salaries | 727,631 | - | - | 727,631 |
| Purchased services | 148,378 | - | - | 148,378 |
| Employee benefits | 121,081 | - | - | 121,081 |
| Supplies and office expenses | 56,588 | - | - | 56,588 |
| Payroll taxes | 46,030 | - | - | 46,030 |
| Other expenses | 32,305 | - | - | 32,305 |
| Depreciation | 1,733 | - | - | 1,733 |
| Total administrative and general expenses | 1,133,746 | - | - | 1,133,746 |
TOTAL EXPENSES |
16,676,485 | - | - | 16,676,485 |
CHANGE IN NET ASSETS |
(9,880,907) | 679,337 | 146,963 | (9,054,607) |
NET ASSETS, beginning of year |
81,210,306 | 59,693,442 | 6,114,640 | 147,018,388 |
RECLASSIFICATION OF NET ASSETS, |
(113,882) | 113,882 | ||
NET ASSETS, end of year |
$71,215,517 | $60,486,661 | $6,261,603 | $137,963,781 |
