2019 ANNUAL REPORT
FINANCIAL OVERVIEW
Assets and Net Assets – Income Tax Basis
For the Year Ended November 30, 2019
| ASSETS | ||
| Cash and Cash Equivalents | $816,688 | |
| Investments at Cost | $33,244,238 | |
| Museum Building and Land (net of $1,292,578 in accumulated depreciation) |
$32,622,314 | |
| TOTAL ASSETS | $66,683,240 | |
| UNRESTRICTED NET ASSETS | $66,683,240 | |
| FAIR MARKET VALUE OF ASSETS | $77,896,881 |
Revenues, Expenses and Other Changes in Net Assets
Income Tax Basis For the Year Ended November 30, 2019
| REVENUES | $2,009,447 | |
| EXPENSES | ||
| Grants Paid | $1,222,231 | |
| Direct Charitable Programs | $31,308 | |
| Grant Administration | $47,190 | |
| General and Administrative | $163,444 | |
| Museum Building Depreciation | $861,719 | |
| Investment | $64,629 | |
| Excise Taxes | $41,000 | |
| TOTAL EXPENSES | $2,431,521 | |
| EXCESS (DEFICIT) OF REVENUES OVER EXPENSES | ($422,074) | |