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) |