| Financial Information
| Balance Sheet as of December 31 |
2022 |
2023 |
|
|
|
| Assets |
|
|
|
|
|
| Cash |
306,709 |
1,310,623 |
| Securities (Book Value) |
15,548,856 |
13,140,382 |
| Other Assets |
1,954,099 |
2,617,955 |
| Total Net Assets |
17,809,664 |
17,068,960 |
|
|
|
| Statement of Revenue and Expenses |
2022 |
2023 |
|
|
|
| Revenue |
|
|
|
|
|
| Contributions Received |
0 |
0 |
| Interest and Dividends |
565,827 |
827,181 |
| Gain (Loss) on Sale of Investments |
3,970,624 |
-286,690 |
| Book/Tax Differences on Investments - Increases |
104,834 |
58,633 |
| Other Income |
-54,840 |
-25,307 |
| Total Revenue |
4,586,445 |
573,817 |
|
|
|
| Expenses |
|
|
|
|
|
| Grants and Contributions Paid |
524,000 |
780,000 |
| Federal Excise Tax |
7,438 |
9,211 |
| Interest Expense from Pass-Through Investement |
90,465 |
223,539 |
| Book/Tax Differences on Investments - Decreases |
2,732,950 |
64,541 |
| Investment Expenses |
190,994 |
189,051 |
| Other Expenses |
21,695 |
48,179 |
| Total Expenses |
3,567,542 |
1,314,521 |
|
|
|
| Excess of Revenue over Expenses |
1,018,903 |
-740,704 |
|
|
|
| Net Assets at Book Value, Beginning of Year |
16,790,761 |
17,809,664 |
| Net Assets at Book Value, End of Year |
17,809,664 |
17,068,960 |
|
|