VIEW OUR FORM 990
Tax Year: 2023 Form 990 | 2022 Form 990 | 2021 Form 990
2023 FINANCIAL SUMMARY |
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Statement of Financial PositionDECEMBER 31, 2023 AND 2022
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Assets |
2023 |
2022 |
| Cash and cash equivalents | $9,380,040 | $3,575,640 |
| Receivables | 86,917 | 109,058 |
| Federal excise tax receivable | – | 71,498 |
| Prepaid expenses | 88,390 | 28,855 |
| Investments, at fair value | 180,403,969 | 176,606,195 |
| Furniture, fixtures and equipment (at cost less accumulated depreciation) |
1,081,970 | 1,125,535 |
| TOTAL ASSETS | $191,041,286 | $181,516,781 |
Liabilities and Net Assets |
2023 |
2022 |
Liabilities: |
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| Accounts payable and other liabilities | $75,736 | $109,058 |
| Federal excise tax payable | 105,415 | – |
| Unrestricted net assets | 190,860,135 | 181,407,723 |
| TOTAL LIABILITIES AND NET ASSETS | $191,041,286 | $181,516,781 |
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Statement of Activities and Change in Net AssetsDECEMBER 31, 2023 AND 2022
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Investment Income |
2023 |
2022 |
| Net investment income | $18,905,486 | $(24,750,831) |
Expenditures |
2023 |
2022 |
| Program service- grants | $7,332,479 | $7,964,039 |
| Supporting services- management and general | 2,120,595 | 1,869,255 |
| Total expenditures | $9,453,074 | $9,833,294 |
| Change in unrestricted net assets | $9,452,412 | $(34,584,125) |
Net Assets – Unrestricted |
2023 |
2022 |
| Beginning of year | $181,407,723 | $215,991,848 |
| End of year | $190,860,135 | $181,407,723 |
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