Financial Information
Balance Sheet as of December 31 |
2020 |
2021 |
|
|
|
Assets |
|
|
|
|
|
Cash |
243,781.00 |
355,981.00 |
Securities (Book Value) |
7,500,213.00 |
13,091,406.00 |
Other Assets |
257,500.00 |
3,343,374.00 |
Total Net Assets |
8,001,494.00 |
16,790,761.00 |
|
|
|
Statement of Revenue and Expenses |
2020 |
2021 |
|
|
|
Revenue |
|
|
|
|
|
Contributions Received |
- |
8,700,000 |
Interest and Dividends |
212,959 |
342,111 |
Gain (Loss) on Sale of Investments |
(83,132) |
320,950 |
Book/Tax Differences from Pass-thru Investment |
- |
- |
Other Income |
85 |
85 |
Total Revenue |
129,912 |
9,363,146 |
|
|
|
Expenses |
|
|
|
|
|
Grants and Contributions Paid |
396,500 |
425,250 |
Federal Excise Tax |
26,721 |
6,624 |
Book/Tax Differences on Investments |
54,001 |
(6,319) |
Investment Expenses |
105,318 |
147,477 |
Other Expenses |
551 |
789 |
Total Expenses |
583,091 |
573,821 |
|
|
|
Excess of Revenue over Expenses |
(453,179) |
8,789,325 |
|
|
|
Net Assets at Book Value, Beginning of Year |
8,454,615 |
8,001,436 |
Net Assets at Book Value, End of Year |
8,001,436 |
16,790,761 |
|
|