VIEW OUR FORM 990
Tax Year: 2022 Form 990 | 2021 Form 990 | 2020 Form 990
2022 FINANCIAL SUMMARY |
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Statement of Financial PositionDECEMBER 31, 2022 AND 2021
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Assets |
2022 |
2021 |
Cash and cash equivalents | $3,575,640 | $5,433,886 |
Receivables | 109,058 | 61,449 |
Federal excise tax receivable | 71,498 | – |
Prepaid expenses | 28,855 | 70,485 |
Investments, at fair value | 176,606,195 | 209,952,165 |
Furniture, fixtures and equipment (at cost less accumulated depreciation) |
1,125,535 | 1,167,953 |
TOTAL ASSETS | $181,516,781 | $216,685,938 |
Liabilities and Net Assets |
2022 |
2021 |
Liabilities: |
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Accounts payable and other liabilities | $109,058 | $127,748 |
Federal excise tax payable | – | 566,342 |
Unrestricted net assets | 181,407,723 | 215,991,848 |
TOTAL LIABILITIES AND NET ASSETS | $181,516,781 | $216,685,938 |
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Statement of Activities and Change in Net AssetsDECEMBER 31, 2022 AND 2021
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Investment Income |
2022 |
2021 |
Net investment income | $(24,750,831) | $22,836,384 |
Expenditures |
2022 |
2021 |
Program service- grants | $7,964,039 | $7,344,304 |
Supporting services- management and general | 1,869,255 | 1,874,512 |
Total expenditures | $9,833,294 | $9,218,816 |
Change in unrestricted net assets | $(34,584,125) | $13,617,568 |
Net Assets – Unrestricted |
2022 |
2021 |
Beginning of year | $215,991,848 | $202,374,280 |
End of year | $181,407,723 | $215,991,848 |
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