Assets
Cash equivalents:
$ 61,630
Investments in securities:
$ 164,075,024
Dividends and interest receivable:
$ 553,725
Other assets:
$ 45,986
Total Assets = $ 164,736,365
Liabilities and Net Assets
Grants approved for future payment:
$ 9,440,070
Accounts payable and accrued expenses:
$ 259,459
Deferred excise taxes:
$ 253,649
Total liabilities:
$ 9,953,178
Net assets:
$ 154,783,187
Total Liabilities and Net Assets = $ 164,736,365
Statements of Activities
Gain (loss) from investments:
$ 11,896,055
Investment related and other expenses:
$ (1,176,091)
Net gain (loss) from investments:
$ 10,719,964
Grants approved:
$ 4,337,890
Grant support:
$ 905,381
Total grants approved / related expenses:
$ 5,243,271
Net Gain (Loss) for the period = $ 5,476,693