|
Without Donor Restrictions |
With Donor Restrictions |
Total |
Revenues and Other Support |
|
|
|
| Contributions |
$369,896 |
$521,244 |
$891,140 |
| Investment income, net |
921,954 |
2,835,350 |
3,757,304 |
| Beneficial trust income |
|
63,664 |
63,664 |
| Net realized and unrealized losses |
9,533,377 |
10,991,441 |
20,524,818 |
| Unrealized gain (loss) on interest in perpetual trust |
- |
256,306 |
256,306 |
|
10,825,227 |
14,668,005 |
25,493,232 |
|
|
|
|
|
|
|
|
Net assets released from restrictions |
3,169,895 |
(3,169,895) |
- |
|
|
|
|
|
|
|
|
Total revenues and other support |
13,995,122 |
11,498,110 |
25,493,232 |
|
|
|
|
Expenses
|
|
|
|
| Grants and distributions |
6,974,273 |
- |
6,974,273 |
|
|
|
|
| Administrative and general expenses |
|
|
|
| Salaries |
944,622 |
- |
944,622 |
| Purchased services |
224,253 |
- |
224,253 |
| Employee benefits |
188,782 |
- |
188,782 |
| Supplies and office expenses |
139,236 |
- |
139,236 |
| Payroll taxes |
55,383 |
- |
55,383 |
| Other expenses |
29,254 |
- |
29,254 |
| Depreciation |
8,147 |
- |
8,147 |
| Total administrative and general expenses |
1,589,677 |
- |
1,589,677 |
|
|
|
|
|
|
|
|
Total expenses
|
8,563,950 |
- |
8,563,950 |
|
|
|
|
|
|
|
|
Change in net assets
|
5,431,172 |
11,498,110 |
16,929,282 |
|
|
|
|
|
|
|
|
Net assets, beginning of year
|
74,841,378 |
83,959,524 |
158,800,902 |
|
|
|
|
|
|
|
|
Net assets, end of year
|
$80,272,550 |
$95,457,634 |
$175,730,184 |
