Financial Statements

STATEMENT OF FINANCIAL POSITION
As of June 30

Assets	2021	2020
Cash	180,870	70,641
Investments	24,230,048	18,287,456
Prepaid Excise Taxes	735	6,380
Deposit	3,780	3,780
Office Equipment, net	2,153	3,628
Total Assets	24,417,586	18,371,885
Liabilities and Fund Balance
Grants Payable	224,650	229,300
Accrued Expenses	4,884	4,397
Excise Tax Payable	22,830	2,261
Deferred Excise Taxes	79,100	24,700
Fund Balance	24,086,122	18,111,227
Total Liabilities and Fund Balance	24,417,586	18,371,885

 

STATEMENT OF ACTIVITIES
Year ended June 30

Revenue	2021	2020
Interest and Dividends	691,051	1,114,586
Net Realized Gain	1,523,509	(529,966)
Other Income	308,730	77
Total Revenue	2,523,290	584,697
Expenditures
Grants	737,491	750,656
Financial Management	19,280	19,738
Administrative Expenses	230,057	232,647
Federal Excise Tax	87,607	7,774
Total Expenditures	1,074,435	1,010,815
Excess of Revenue Over Expenditures	1,448,855	(426,118)
Fund Balance Beginning of Year	18,111,227	19,179,473
Fund Balance End of Year	24,086,122	18,111,227

These condensed financial statements were derived from
reviewed (2020) and audited (2021) financial statements.