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    Financial Information

    Updated December 19, 2019

     

    ASSETS

     

     

     

     

     

    2018

     

     

    Current assets

     

     

     

    Cash & cash
    equivalents

    523,189

       

    Accrued interest
    receivable

    43,760

       

    Accrued ground
    rents receivable

    16,607

     

     

    Federal excise tax receivable

    297,283

     

     

    Prepaid Expenses

    7,368

     

     

    Program related
    cash flow loans
    receivables

    55,000

       

    Ground Rents

    1,280,577

     

     

    Investments, at
    fair value

    49,777,675

     

     

    Other Investment

    800,000

     

     

    Property, net

    453,154

     

     

    Total assets

    53,254,613

     

     

     

     

     

     

     

     

     

     

    LIABILITIES AND NET ASSETS

     

     

     

     

     

    2018

     

     

    Current liabilities

     

     

     

    Accounts payable

    39,120

     

     

    Federal excise tax payable

    -

     

     

    Grants payable

    1,223,000

     

     

    Total current
    liabilities

    1,262,120

     

     

    Unrestricted net
    assets

    51,992,493

     

     

    Total liabilities
    and net assets

    53,254,613

     

     

     

     

    Like other private foundations, we file a 990PF tax return annually.  Recent returns may be viewed by the public at www.guidestar.org.  Guidestar posts tax returns filed by all nonprofit organizations, including private foundations.