Financials

Statement of Financial Position
As of 12/31/2016

Assets

Investments at fair value $316,864,000
Current assets, primarily cash and equivalents
7,133,000
Office equipment, net of depreciation
17,000
Total Assets
$324,014,000

Liabilities and Net Assets

Grants payable, current
$726,000
Grants payable, long-term 639,000
Other liabilities
2,983,000
Unrestricted Net Assets
319,666,000
Total Liabilities and Net Assets
$324,014,000

 

Statement of Activities
Year ended 12/31/2016

Revenues

Investment income
$3,873,000
Net capital gains (losses), realized and unrealized
(19,395,000)
Total Revenues  ($23,268,000)

Expenses

Grants
$10,096,000
Administrative
765,000 
Investment
  723,000 
Federal excise tax expense (benefit)     (361,000) 
Total Expenses
$11,945,000 
Change in Unrestricted Net Assets
($11,323,000)