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Financials

Year ended December 31, 2015

Assets

Cash and equivalents $199,715
Investment income receivable $37,699
Investments $10,834,666
Total $11,078,714

Liabilities and Net Assets

Accounts payable $8,469
Net Assets $11,070,245
Total $11,078,714

Summary Statement of Activities

Revenue and Gains

Investment Income $333,764
Net realized gains on investments $170,615
Net unrealized losses on investments ($588,785)
Miscellaneous $2,630
Total ($81,776)

Expenses

Grants and program expenses $321,602
General and administrative $99,463
Investment and advisory services $77,074
Professional Fees $6,700
Excise Taxes $8,366
Total $513,205


Change in net assets ($594,981)
Net Assets - Beginning $11,665,226
Net Assets - Ending $11,070,245