Financial Report
Statements of Revenues Collected, Expenditures Paid, and Changes in Unrestricted New Assets Arising from Cash Transactions
More complete financial reports and Foundation tax returns may be requested in writing.
| Revenues Collected | Year Ended Dec 31, 2009 | Year Ended Dec 31, 2008 |
| Interest | 274,108 | 318,697 |
| Dividends | 328,740 | 461,387 |
| Alternative investments | (16,691) | (25,140) |
| Net Realized Gain (Loss) on the Sales of Securities |
(893,554) | 401,745 |
| Income from Investments | (307,397) | 1,156,689 |
| Expenditures allocable to the production of income |
(27,729) | (36,788) |
| (335,126) | 1,119,901 | |
| Contributions Received | - | - |
| Revenues collected available for distribution |
(335,126) | 1,119,901 |
| Expenditures Paid | Year Ended Dec 31, 2008 | Year Ended Dec 31, 2007 |
| Grant Payments | 2,248,300 | 2,408,000 |
| General and administrative expenditures |
85,464 | 68,819 |
| 2,333,764 | 2,476,819 | |
| Federal excise tax payments | 5,300 | 24,530 |
| Refunds of prior year's federal excise t |
- | - |
| Depreciation | 1,443 | 1,490 |
| Total expenditures paid | 2,340,507 | 2,502,839 |
| (Deficiency) excess of revenues collected over expenditures paid |
(2,675,633) | (1,382,938) |
| Unrestricted net assets at the beginning of year |
24,671,377 | 26,054,315 |
| Unrestricted net assets at the end of the year |
21,995,744 | 24,671,377 |