Financial Statements

STATEMENT OF FINANCIAL POSITION
As of June 30

Assets	2022	2021
Cash	54,304	180,870
Investments	20,283,201	24,230,048
Prepaid Excise Taxes	7,157	735
Deposit	3,780	3,780
Office Equipment, net	1,065	2,153
Total Assets	20,349,507	24,417,586
Liabilities and Fund Balance
Grants Payable	204,800	224,650
Accrued Expenses	4,746	4,884
Excise Tax Payable	3,773	22,830
Deferred Excise Taxes	21,700	79,100
Fund Balance	20,114,488	24,086,122
Total Liabilities and Fund Balance	20,349,507	24,417,586

 

STATEMENT OF ACTIVITIES
Year ended June 30

Revenue	2022	2021
Interest and Dividends	1,082,113	691,051
Net Realized Gain	594,901	1,523,509
Other Income	402	308,730
Total Revenue	1,677,416	2,523,290
Expenditures
Grants	657,900	737,491
Financial Management	24,278	19,280
Administrative Expenses	245,916	230,057
Federal Excise Tax	(25,613)	87,607
Total Expenditures	902,481	1,074,435
Excess of Revenue Over Expenditures	774,935	1,448,855
Fund Balance Beginning of Year	24,086,122	18,111,227
Fund Balance End of Year	20,114,488	24,086,122

These condensed financial statements were derived from
audited (2021) and reviewed (2022) financial statements.