Financial Summary

Statements of Financial Position

Assets

2017

2016

Cash and cash equivalents  $       5,059,659  $       2,122,088
Certificates of deposit 750,000
Receivables: contributions, grants and bequests, net 97,123               438,782
Prepaid expenses 21,668               16,972
Investments 164,959,413       142,867,678
Property and equipment, net 576,000           2,096,000
Cash value of life insurance 1,453,434               1,518,040
Other assets 310,586               277,940

TOTAL ASSETS

$   173,227,883

 $   149,337,500

Liabilities and Net Assets

Liabilities
Accounts payable  24,609  $             17,026
Accrued expense 63,497                 57,030
Grants payable  500,341                 7,667
Amounts due under annuity and unitrust agreements  1,712,383           2,145,573
Amounts held on behalf of others  38,831,232           31,146,548

TOTAL LIABILITIES

 $    41,132,062

 $     33,373,844

Net Assets
Unrestricted net assests  130,057,444         114,313,021
Temporarily restricted  2,038,377           1,650,635

TOTAL NET ASSETS

132,095,821

   115,963,656

TOTAL LIABILITIES AND NET ASSETS

$ 173,227,883

$ 149,337,500