Statement of Financial Position

For The Years Ended December 31st

2020 2019
ASSETS
Current Assets:
Cash $60,035 $25,521
Investments at market value $18638,169 $17,516,839
Prepaid expenses and deposits $9,589 $9,747
Prepaid excise tax $14,486 $22,368
Total Current Assets $18,722,279 $17,574,475
Fixed Assets:
Computer Equipment $3,719 $3,719
Less, accumulated depreciation $3,3369 $2,589
Net Fixed Assets $350 $1,130
Total Assets $18,722,629 $17,575,605
LIABILITIES AND NET ASSETS
Current Liabilities:
Grants Payable $370,000 $0
Accounts Payable $32,443 $12,347
Accrued Payroll $2,900 $5,692
Total Current Liabilities $405,343 $18,039
Net Assets:
Without Donor Restriction $18,214,414 $17,458,919
With Donor Restriction $102,872 $98,647
Total Net Assets $18,317,286 $17,557,566
Total Liabilities and Net Assets $187,226,629 $17,575,605
Statement of Expenses
Grants Awarded $1,099,000 $710,972
General and Administrative $183,113 $182,143
Federal excise tax $7,882 $9,406

Complete audited financial statements are available by request.