Statement of Financial Position

For The Years Ended December 31st

2021 2020
ASSETS
Current Assets:
Cash $4,776 $60,035
Investments at market value $20,401,767 $18,638,169
       Investment holdback receivable $95,465 $0
Prepaid expenses and deposits $9,841 $9,589
Prepaid excise tax $0 $14,486
Total Current Assets $20,511,849 $18,722,279
Fixed Assets:
Computer Equipment $3,719 $3,719
       Less, accumulated depreciation $3,719 $3,369
Net Fixed Assets $0 $350
Total Assets $20,511,849 $18,722,629
LIABILITIES AND NET ASSETS
Current Liabilities:
Grants Payable $180,000 $370,000
Accounts Payable $1,050 $32,443
Excise Tax Payable $17,501 $0
       Accrued expenses $15,463 $2,900
Total Current Liabilities $214,014 $405,343
Long-Term Liabilities:
       Deferred excise tax liability $21,311 $0
Total Liabilities $235,325 $405,343
Net Assets:
Without Donor Restriction $20,162,756 $18,214,414
With Donor Restriction $113,768 $102,872
Total Net Assets $20,276,524 $18,317,286
Total Liabilities and Net Assets $20,511,849 $18,722,629
Statement of Expenses
Grants Awarded $538,100 $1,099,000
General and Administrative $196,510 $183,113
Federal excise tax $53,301 $7,882

Complete audited financial statements are available by request.