2017 ANNUAL REPORT
FINANCIAL OVERVIEW
Assets and Net Assets – Income Tax Basis
For the Year Ended November 30, 2017
| ASSETS | ||
| Cash and Cash Equivalents | $4,026,165 | |
| Receivables | $8,394,500 | |
| Investments at Cost | $22,423,888 | |
| Museum Building Construction in Progress | $21,597,866 | |
| Land | $8,063,335 | |
| Design and Project Management in Progress | $3,554,321 | |
| TOTAL ASSETS | $68,060,075 | |
| UNRESTRICTED NET ASSETS | $68,060,075 | |
| FAIR MARKET VALUE OF ASSETS | $78,238,858 |
Revenues, Expenses and Other Changes in Net Assets
Income Tax Basis For the Year Ended November 30, 2017
| REVENUES | $15,172,942 | |
| EXPENSES | ||
| Grants Paid | $1,498,471 | |
| Direct Charitable Programs | $193,464 | |
| Grant Administration | $45,069 | |
| General and Administrative | $136,279 | |
| Investment | $66,960 | |
| Excise Taxes | $77,786 | |
| TOTAL EXPENSES | $2,018,029 | |
| EXCESS (DEFICIT) OF REVENUES OVER EXPENSES | $13,154,913 | |