VIEW OUR FORM 990
Tax Year: 2024 Form 990 | 2023 Form 990 | 2022 Form 990
2025 FINANCIAL SUMMARY |
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Statement of Financial PositionDECEMBER 31, 2025 AND 2024
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Assets |
2025 |
2024 |
| Cash and cash equivalents | $6,066,671 | $8,612,936 |
| Dividends and interest receivable | 43,332 | 114,267 |
| Prepaid Expenses | 64,441 | 61,626 |
| Other receivable | – | 1,701 |
| Investments, at fair value | 207,689,398 | 189,619,951 |
| Furniture, fixtures and equipment (at cost less accumulated depreciation) |
989,016 | 1,048,501 |
| TOTAL ASSETS | $214,852,858 | $199,458,982 |
Liabilities and Net Assets |
2025 |
2024 |
Liabilities: |
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| Accounts payable and accrued liabilities | $15,294 | $7,440 |
| Federal excise tax payable | 397,700 | 245,945 |
| Other | 64,770 | 75,524 |
| Unrestricted net assets | 214,375,094 | 199,130,073 |
| TOTAL LIABILITIES AND NET ASSETS | $214,852,858 | $199,458,982 |
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Statement of Activities and Change in Net AssetsDECEMBER 31, 2025 AND 2024
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Investment Income |
2025 |
2024 |
| Net investment income | $24,932,758 | $17,087,744 |
Expenditures |
2025 |
2024 |
| Program service- grants | $7,341,981 | $6,685,968 |
| Supporting services- management and general | 2,345,756 | 2,131,838 |
| Total expenditures | $9,687,737 | $8,817,806 |
| Change in unrestricted net assets | $15,245,021 | $8,269,938 |
Net Assets – Unrestricted |
2025 |
2024 |
| Beginning of year | $199,130,073 | $190,860,135 |
| End of year | $214,375,094 | $199,130,073 |
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