2023 ANNUAL REPORT FINANCIAL OVERVIEW
Assets and Net Assets – Income Tax Basis
For the Year Ended December 31, 2023
| ASSETS | ||
| Cash and Cash Equivalents | $4,199,898 | |
| Investments at Cost | $16,238,662 | |
| Museum Building and Land (Net of $3,949,543 in accumulated depreciation) |
$29,107,573 | |
| TOTAL ASSETS | $49,546,133 | |
| UNRESTRICTED NET ASSETS | $49,546,133 | |
| FAIR MARKET VALUE OF ASSETS | $50,219,516 |
Revenues, Expenses and Other Changes in Net Assets
Income Tax Basis For the Year Ended December 31, 2023
| REVENUES | $1,880,656 | |
| EXPENSES | ||
| Grants Paid | $10,332,960 | |
| Other Program or Administrative | $497,492 | |
| Museum Building Depreciation | $861,719 | |
| Investment | $27,474 | |
| Excise Taxes | $22,000 | |
| TOTAL EXPENSES | $11,741,645 | |
| EXCESS (DEFICIT) OF REVENUES OVER EXPENSES | ($9,860,989) | |