VIEW OUR FORM 990
Tax Year: 2023 Form 990 | 2022 Form 990 | 2021 Form 990
2024 FINANCIAL SUMMARY |
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Statement of Financial PositionDECEMBER 31, 2024 AND 2023
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Assets |
2024 |
2023 |
| Cash and cash equivalents | $8,612,936 | $9,380,040 |
| Dividends and interest receivable | 114,267 | 86,917 |
| Prepaid Expenses | 61,626 | 88,390 |
| Other receivable | 1,701 | – |
| Investments, at fair value | 189,619,951 | 180,403,969 |
| Furniture, fixtures and equipment (at cost less accumulated depreciation) |
1,048,501 | 1,081,970 |
| TOTAL ASSETS | $199,458,982 | $191,041,286 |
Liabilities and Net Assets |
2024 |
2023 |
Liabilities: |
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| Accounts payable and accrued liabilities | $7,440 | $8,174 |
| Federal excise tax payable | 245,945 | 105,415 |
| Other | 75,524 | 67,562 |
| Unrestricted net assets | 199,130,073 | 190,860,135 |
| TOTAL LIABILITIES AND NET ASSETS | $199,458,982 | $191,041,286 |
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Statement of Activities and Change in Net AssetsDECEMBER 31, 2024 AND 2023
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Investment Income |
2024 |
2023 |
| Net investment income | $17,087,744 | $18,905,486 |
Expenditures |
2024 |
2023 |
| Program service- grants | $6,685,968 | $7,332,479 |
| Supporting services- management and general | 2,131,838 | 2,120,595 |
| Total expenditures | $8,817,806 | $9,453,074 |
| Change in unrestricted net assets | $8,269,938 | $9,452,412 |
Net Assets – Unrestricted |
2024 |
2023 |
| Beginning of year | $190,860,135 | $181,407,723 |
| End of year | $199,130,073 | $190,860,135 |
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