| Assets | 2023 | 2022 |
|---|---|---|
| Cash and Cash Equivalents | $211,978 | $954,599 |
| Investments | 202,325,504 | 182,890,790 |
| Investment-Related Receivables | 751 | 581 |
| Right of Use Asset (Net) | 1,018,060 | 1,185,872 |
| Prepaid Expenses and Other Assets | 151,439 | 126,507 |
| Total Assets | $203,707,732 | $185,158,349 |
| Liabilities and Net Assets | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $23,961 | $52,965 |
| Grants Payable (Net) | 1,582,690 | 464,242 |
| Deferred Excise Tax Liability | 507,052 | 212,632 |
| Lease Liability | 1,348,779 | 1,504,544 |
| Total Liabilities | 3,462,482 | 2,234,383 |
| Net Assets: | ||
| Without Donor Restrictions | 196,907,304 | 179,867,710 |
| With Donor Restrictions | 3,337,946 | 3,056,526 |
| Total Net Assets | 200,245,250 | 182,923,966 |
| Total Liabilities and Net Assets | 203,707,732 | 185,158,349 |
| Revenues and Gains (Losses) | 2023 | 2022 |
|---|---|---|
| Net Assets – Beginning of Year: | $182,923,966 | $224,084,414 |
| Net Assets – End of Year: | $200,245,250 | $182,923,966 |
| Investment Return (Net) | 28,654,713 | -32,406,748 |
| Other Income | 4,520 | 4,372 |
| Total Revenues and Gains (Losses) | 28,659,233 | -32,402,376 |
| Expenses | ||
| Program Services | 10,597,256 | 8,832,945 |
| Management and General | 348,288 | 310,236 |
| Excise Tax Expense (Benefit) | 392,405 | -385,109 |
| Total Expenses | 11,337,949 | 8,758,072 |
| Change in Net Assets | 17,321,284 | -41,160,448 |
| Assets | 2022 | 2021 |
|---|---|---|
| Cash and Cash Equivalents | $954,599 | $2,023,487 |
| Investments | 182,890,790 | 203,960,589 |
| Investment-Related Receivables | 581 | 20,238,617 |
| Property and Equipment (Net) | 1,429 | 2,455 |
| Right of Use Asset (Net) | 1,185,872 | 1,320,122 |
| Prepaid Expenses and Other Assets | 125,078 | 45,092 |
| Total Assets | $185,158,349 | $227,590,362 |
| Liabilities and Net Assets | ||
| Liabilities: | ||
| Accounts Payable and Accrued Expenses | $52,965 | $60,747 |
| Grants Payable (Net) | 464,242 | 1,194,314 |
| Deferred Excise Tax Liability | 212,632 | 630,772 |
| Lease Liability | 1,504,544 | 1,620,115 |
| Total Liabilities | 2,234,383 | 3,505,948 |
| Net Assets: | ||
| Without Donor Restrictions | 179,867,710 | 220,303,921 |
| With Donor Restrictions | 3,056,526 | 3,780,493 |
| Total Net Assets | 182,923,966 | 224,084,414 |
| Total Liabilities and Net Assets | 185,158,349 | $227,590,362 |
| Revenues and Gains (Losses) | 2022 | 2021 |
|---|---|---|
| Net Assets – Beginning of Year: | $224,084,414 | $205,484,983 |
| Net Assets – End of Year: | $182,923,966 | $224,084,414 |
| Investment Return (Net) | -32,406,748 | 29,529,479 |
| Other Income | 4,372 | 3,319 |
| Total Revenues and Gains (Losses) | -32,402,376 | 29,532,798 |
| Expenses | ||
| Program Services | 8,832,945 | 10,248,099 |
| Management and General | -74,873 | 685,268 |
| Total Expenses | 8,758,072 | 10,933,367 |
| Change in Net Assets | -41,160,448 | 18,599,431 |