|
Without Donor Restrictions |
With Donor Restrictions |
Total |
Revenues and Other Support |
|
|
|
| Contributions |
$130,870 |
$10,138 |
$141,008 |
| Investment income, net |
1,325,278 |
1,479,323 |
2,804,601 |
| Beneficial trust income |
|
74,100 |
74,100 |
| Net realized and unrealized losses |
(11,005,708) |
(10,057,100) |
(21,062,808) |
| Unrealized gain (loss) on interest in perpetual trust |
- |
(285,712) |
(285,712) |
|
(9,549,560) |
(8,779,251) |
(18,328,811) |
|
|
|
|
|
|
|
|
Net assets released from restrictions |
477,272 |
477,272 |
- |
|
|
|
|
|
|
|
|
Total revenues and other support |
(9,072,288) |
(9,256,523) |
(18,328,811) |
|
|
|
|
Expenses
|
|
|
|
| Grants and distributions |
5,447,114 |
- |
5,447,114 |
|
|
|
|
| Administrative and general expenses |
|
|
|
| Salaries |
956,873 |
- |
956,873 |
| Purchased services |
200,858 |
- |
200,858 |
| Employee benefits |
188,524 |
- |
188,524 |
| Supplies and office expenses |
76,301 |
- |
76,301 |
| Payroll taxes |
57,750 |
- |
57,750 |
| Other expenses |
34,549 |
- |
34,549 |
| Depreciation |
43,302 |
- |
43,3027 |
| Total administrative and general expenses |
1,558,157 |
- |
1,558,157 |
|
|
|
|
|
|
|
|
Total expenses
|
7,005,271 |
- |
7,005,271 |
|
|
|
|
|
|
|
|
Change in net assets
|
(16,077,559) |
(9,256,523) |
(25,334,082) |
|
|
|
|
|
|
|
|
Net assets, beginning of year
|
83,039,037 |
92,691,147 |
175,730,184 |
|
|
|
|
|
|
|
|
Net assets, end of year
|
$66,961,478 |
$83,434,624 |
$150,396,102 |
