Statement of Financial Position

For The Years Ended December 31st

2023 2022
ASSETS
Current Assets:
Cash $28,070 $67,795
Investments $18,381,025 $16,628,154
Prepaid expenses and security deposit $5,347 $6,174
Prepaid excise tax $12,814 $9,970
                                               Total Current Assets $18,427,256  $16,712,093
Fixed Assets:
Computer Equipment $3,719 $3,719
       Less, accumulated depreciation $3,719 $3,719
Net Fixed Assets $0 $0
Right of use Asset, Net $0 $6,550
                                                              Total Assets $18,427,256 $16,718,643
LIABILITIES AND NET ASSETS
Current Liabilities:
    Grants Payable $105,000 $0
    Accrued expenses $17,443 $19,684
    Operating Lease Liability $0 $6,636
Total Current Liabilities $122,443 $26,320
Long-Term Liabilities:
     Deferred excise tax liability $27,152 $0
     Grants payable, net of current portion $105,000 $0
Total Long-Term Liabilities $132,152 $0
                                                      Total Liabilities $254,595 $26,320
Net Assets:
Without Donor Restriction $18,070,594 $16,598,489
With Donor Restriction $102,067 $93,834
                                                      Total Net Assets $18,172,661 $16,692,323
Total Liabilities and Net Assets $18,427,256 $16,718,643
Statement of Expenses
Grants Awarded $900,400 $584,500
General and Administrative $236,294 $226,810
Federal excise tax (benefit) $35,307 $(9,282)

Complete audited financial statements are available by request.