Assets |
| Investments at fair value |
$160,968,000 |
| Current assets, primarily cash and equivalents |
3,936,000 |
| Office equipment, net of depreciation |
39,000 |
| Total Assets |
$164,943,000 |
Liabilities and Net Assets
|
| Grants payable, current |
$ 960,000 |
| Grants payable, long-term |
48,000 |
| Other liabilities |
2,697,000 |
| Unrestricted Net Assets |
161,238,000 |
| Total Liabilities and Net Assets |
$164,943,000 |
Statement of Activities
Year ended 12/31/09
Revenues |
| Investment income |
$ 2,173,000 |
| Net capital gains (losses), realized and unrealized |
28,190,000 |
| Total Revenues |
$30,363,000 |
Expenses
|
| Grants |
$5,905,000 |
| Administrative |
557,000 |
| Investment |
437,000 |
| Federal excise tax (benefit) |
844,000 |
| Total Expenses |
$7,743,000 |
| Increase in Unrestricted Net Assets |
$22,620,000 |
|