STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS
Year Ended June 30, 2026 (unaudited)
| Account | Without Donor Restrictions | With Donor Restrictions | Total |
|---|---|---|---|
| Operating: | |||
| Revenues and other support | |||
| Contributions | $21,177 | $13,108 | $34,285 |
| Investment return, net | 11,512,989 | 5,000,569 | 16,513,558 |
| Beneficial trust income | - | 69,903 | 69,903 |
| Change in value of interest in perpetual trust | - | 163,400 | 163,400 |
| Net assets released from restrictions | 3,782,591 | (3,782,591) | - |
| Total revenues and other support | 15,316,757 | 1,464,389 | 16,781,146 |
| Expenses: | |||
| Grants and distributions | 7,998,018 | - | 7,998,018 |
| Administrative and general expenses: | |||
| Salaries | 1,144,009 | - | 1,144,009 |
| Purchased services | 305,813 | - | 305,813 |
| Employee benefits | 222,964 | - | 222,964 |
| Supplies and office expenses | 80,612 | - | 80,612 |
| Payroll taxes | 68,475 | - | 68,475 |
| Other expenses | 44,804 | - | 44,804 |
| Depreciation and amortization | 43,545 | - | 43,545 |
| Total administrative and general expenses | 1,910,222 | - | 1,910,222 |
| Total expenses | 9,908,240 | - | 9,908,240 |
| Change in net assets from operating activity | 5,408,517 | 1,464,389 | 6,872,906 |
| Nonoperating income (expense) | |||
| Operating income—(Fiscal Agent Funds) | 169,215 | - | 169,215 |
| Operating expense—(Fiscal Agent Funds) | (157,278) | - | (157,278) |
| Total nonoperating income | 11,937 | - | 11,937 |
| Net assets, beginning of the year (restated) | 122,536,701 | 56,508,129 | 179,044,830 |
| Change in net assets | 5,420,454 | 1,464,389 | 6,884,843 |
| Net assets, end of year | $127,957,155 | $57,972,518 | $185,929,673 |