2022 ANNUAL REPORT FINANCIAL OVERVIEW
Assets and Net Assets – Income Tax Basis
For the Year Ended December 31, 2022
| ASSETS | ||
| Cash and Cash Equivalents | $5,761,803 | |
| Investments at Cost | $23,679,968 | |
| Museum Building and Land (Net of $3,949,543 in accumulated depreciation) |
$29,965,349 | |
| TOTAL ASSETS | $59,407,120 | |
| UNRESTRICTED NET ASSETS | $59,407,120 | |
| FAIR MARKET VALUE OF ASSETS | $60,053,104 |
Revenues, Expenses and Other Changes in Net Assets
Income Tax Basis For the Year Ended December 31, 2022
| REVENUES | $4,094,777 | |
| EXPENSES | ||
| Grants Paid | $9,952,468 | |
| Other Program or Administrative | $203,643 | |
| Museum Building Depreciation | $861,719 | |
| Investment | $57,157 | |
| Excise Taxes | $75,549 | |
| TOTAL EXPENSES | $11,150,536 | |
| EXCESS (DEFICIT) OF REVENUES OVER EXPENSES | ($7,055,759) | |