Statement of Financial Position

For The Years Ended December 31st

2022 2021
ASSETS
Current Assets:
Cash $67,795 $4,776
Investments $16,628,154 $20,401,767
       Investment holdback receivable $0 $95,465
Prepaid expenses and security deposit $6,174 $9,841
Prepaid excise tax $9,970 $0
Total Current Assets $16,712,093 $20,511,849
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 $6,550 $0
Total Assets $16,718,643 $20,511,849
LIABILITIES AND NET ASSETS
Current Liabilities:
Grants Payable $0 $180,000
Accounts Payable $0 $1,050
Excise Tax Payable $0 $17,501
 Accrued expenses $19,684 $15,463
Operating Lease Liability $6636 $0
Total Current Liabilities $26,320 $214,014
Long-Term Liabilities:
       Deferred excise tax liability $0 $21,311
Total Liabilities $26,320 $235,325
Net Assets:
Without Donor Restriction $16,598,489 $20,162,756
With Donor Restriction $93,834 $113,768
Total Net Assets $16,692,323 $20,276,524
Total Liabilities and Net Assets $16,718,643 $20,511,849
Statement of Expenses
Grants Awarded $584,500 $538,100
General and Administrative $226,810 $196,510
Federal excise tax (benefit) $(9282) $53,301

Complete audited financial statements are available by request.