Financial Statements

STATEMENT OF FINANCIAL POSITION
As of June 30

Assets	2024	2023
Cash	751,835	277,012
Investments	21,009,608	20,161,942
Prepaid Excise Taxes	–	–
Deposit	3,780	3,780
Office Equipment, net	4,497	9,388
Total Assets	21,769,720	20,452,122
Liabilities and Fund Balance
Grants Payable	246,650	192,800
Accrued Expenses	6,651	6,107
Excise Tax Payable	252	112
Deferred Excise Taxes	43,400	20,800
Fund Balance	21,472,767	20,232,303
Total Liabilities and Fund Balance	21,769,720	20,452,122

 

STATEMENT OF ACTIVITIES
Year ended June 30

Revenue	2024	2023
Interest and Dividends	651,910	777,911
Net Realized Gain	255,379	589,444
Other Income	13,202	–
Total Revenue	920,491	1,367,355
Expenditures
Grants	959,650	869,900
Financial Management	20,299	20,941
Administrative Expenses	284,525	264,775
Federal Excise Tax	38,449	32,879
Total Expenditures	1,302,923	1,188,495
Excess of Revenue Over Expenditures	(382,432)	178,860
Net Unrealized Gain (loss)	1,622,896	(61,045)
Fund Balance Beginning of  Year	20,232,303	20,114,488
Fund Balance End of Year	21,472,767	20,232,303

These condensed financial statements were derived from
audited (2023) and reviewed (2024) financial statements.