Statement of Financial Position
October 31, 2019
(in thousands)
ASSETS
Cash and Cash Equivalents |
$ |
6,155 |
Interest and Dividends Receivable |
52 |
Prepaid Federal Excise Taxes |
1,109 |
Investments |
1,219,199 |
Program-Related Investment |
2,000 |
Land, Buildings and Equipment (Net) |
2,768 |
Other Assets |
1,021 |
TOTAL ASSETS |
$ |
1,232,304
|
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts Payable and Accrued Expenses |
$ |
1,026 |
Deferred Federal Excise Taxes |
2,614 |
Grants Payable |
22,551 |
TOTAL LIABILITIES |
26,191 |
NET ASSETS
Net Assets Without Donor Restrictions |
1,206,113 |
TOTAL LIABILITIES AND NET ASSETS |
$ |
1,232,304 |
Statement of Activities
Year Ended October 31, 2019
(in thousands)
REVENUE
Investment Return (Net) |
$ |
121,509 |
EXPENSES
Program Services |
58,454 |
Management and General |
3,042 |
TOTAL EXPENSES |
61,496 |
|
|
CHANGE IN NET ASSETS |
60,013 |
Net Assets – Beginning of Year |
1,146,100 |
NET ASSETS – END OF YEAR |
$ |
1,206,113 |