2018 ANNUAL REPORT
FINANCIAL OVERVIEW

Assets and Net Assets – Income Tax Basis
For the Year Ended November 30, 2018

ASSETS
Cash and Cash Equivalents	$1,858,082
Investments at Cost	$31,763,199
Museum Building and Land	$33,484,033
TOTAL ASSETS		$67,105,314
UNRESTRICTED NET ASSETS		$67,105,314
FAIR MARKET VALUE OF ASSETS		$76,633,416

Revenues, Expenses and Other Changes in Net Assets
Income Tax Basis For the Year Ended November 30, 2018

REVENUES		$1,143,260
EXPENSES
Grants Paid	$1,098,756
Direct Charitable Programs	$144,592
Grant Administration	$79,073
General and Administrative	$622,606
Investment	$62,595
Excise Taxes	$90,399
TOTAL EXPENSES		$2,098,021
EXCESS (DEFICIT) OF REVENUES OVER EXPENSES		$(954,761)