Financials

Statement of Financial Position (condensed)

  June 30, 2015 (Audited) June 30, 2014 (Audited)
Assets    
Cash 2,020,104 1,474,540
Investments at Market 139,522,208 141,811,451
Prepaid expenses 44,073 32,286
Equipment at Net Book Value 7,812 12,891
Beneficial interests in trusts 4,621,106 4,874,161
Total Assets 146,215,303 148,205,329
     
Liabilities and Net Assets    
Liabilities    
Program grants payable 6,196,200 4,194,400
Accrued Expenses and Deferred Taxes 885,086 1,001,125
Total Liabilities 7,081,286 5,195,525
Net assets 139,134,017 143,009,804
Total Liabilities and Net Assets 146,215,303 148,205,329

 

Statement of Activities And Changes In Net Assets (condensed)

Revenue  Year Ended June 30, 2015 (Audited)  Year Ended June 30, 2014 (Audited)
Investment Income (Loss) Net of Fees and Taxes 5,478,308 18,698,290
Trust Fund Income 370,436 371,404
Contributions 0 700
Change in value of beneficial interests in trusts (253,055) 360,109
Total Revenue 5,595,689 19,430,503
     
Expense    
Program grants 8,285,464 6,152,672
Direct Charitable Expense 217,040 203,167
Administrative Expense 968,972 906,817
Total Expenses 9,471,476 7,262,656
Increase (Decrease) in Net Assets (3,875,787) 12,167,847
Net assets, beginning of year 143,009,804 130,841,957
Net assets, end of year 139,134,017 143,009,804