2021 ANNUAL REPORT FINANCIAL OVERVIEW
Assets and Net Assets – Income Tax Basis
For the Year Ended December 31, 2021
| ASSETS | ||
| Cash and Cash Equivalents | $3,908,636 | |
| Investments at Cost | $31,727,177 | |
| Museum Building and Land (Net of $3,087,825 in accumulated depreciation) |
$30,827,067 | |
| TOTAL ASSETS | $66,462,880 | |
| UNRESTRICTED NET ASSETS | $66,462,880 | |
| FAIR MARKET VALUE OF ASSETS | $76,065,606 |
Revenues, Expenses and Other Changes in Net Assets
Income Tax Basis For the Year Ended December 31, 2021
| REVENUES | $7,349,081 | |
| EXPENSES | ||
| Grants Paid | $5,317,460 | |
| Other Program or Administrative | $1,102,965 | |
| Museum Building Depreciation | $861,719 | |
| Investment | $59,866 | |
| Excise Taxes | $91,162 | |
| TOTAL EXPENSES | $7,433,172 | |
| EXCESS (DEFICIT) OF REVENUES OVER EXPENSES | ($84,091) | |