Financials

Statement of Financial Position
As of 12/31/2015

Assets

Investments at fair value $309,532,000
Current assets, primarily cash and equivalents
7,307,000
Office equipment, net of depreciation
4,000
Total Assets
$316,843,000

Liabilities and Net Assets

Grants payable, current
$5,364,000 
Grants payable, long-term 564,000
Other liabilities
2,572,000
Unrestricted Net Assets
308,343,000
Total Liabilities and Net Assets
$316,843,000

 

Statement of Activities
Year ended 12/31/2015

Revenues

Investment income
$4,915,000
Net capital gains (losses), realized and unrealized
(9,996,000)
Total Revenues  ($5,081,000)

Expenses

Grants
$16,161,000 
Administrative
647,000 
Investment
  815,000 
Federal excise tax expense (benefit)     (259,000) 
Total Expenses
$17,364,000 
Change in Unrestricted Net Assets
($22,445,000)