Financial Summary

Statements of Financial Position

Assets

2016

2015

Cash and cash equivalents  $       2,122,088 $        3,170,763
Receivables: contributions, grants and bequests, net               438,782 558,105
Prepaid expenses               16,972 24,877
Investments       142,867,678 133,727,434
Property and equipment, net           2,096,000 576,000
Cash value of life insurance               1,518,040 1,572,719
Other assets               277,940 273,348

TOTAL ASSETS

 $   149,337,500

$     139,903,246

Liabilities and Net Assets

Liabilities
Accounts payable  $             17,026 $           11,536
Accrued expense                 57,030 51,922
Grants payable                 7,667 11,738
Amounts due under annuity and unitrust agreements           2,145,573   2,007,824
Amounts held on behalf of others           31,146,548 29,994,525

TOTAL LIABILITIES

 $     33,373,844

$     32,077,545

Net Assets
Unrestricted net assests         114,313,021         106,115,382
Temporarily restricted           1,650,635 1,710,319

TOTAL NET ASSETS

   115,963,656

107,825,701

TOTAL LIABILITIES AND NET ASSETS

$ 149,337,500

$ 139,903,246