Financials

Statement of Financial Position as of June 30, 2020

 20202019
ASSETS
Cash and cash equivalents$167,573$257,839
Prepaid expenses$17,000
Prepaid income taxes$36,133
Investments$16,709,108
Marketable securities (Notes 2 and 4)$17,373,281
Total Assets$16,929,814$17,631,120
LIABILITIES
Accounts payable and accrued expenses$2,480$38,017
Excise taxes payable (Note 5)$13,107
Deferred excise tax liability (Note 5)$29,531
Total Liabilities$2,480$80,655
NET ASSETS
Without donor restrictions$16,927,334$17,550,465
Total net assets$16,927,334$17,550,465
Total Liabilities & Net Assets$16,929,814$17,631,120