Net Assets |
Year Ended 2020 |
Year Ended 2019 |
Revenues, gains and losses: |
|
|
Interest and dividends |
$189,375 |
$293,547 |
Net realized gains on investments, net of investment expenses |
725 |
1,484,222 |
Net unrealized gain on investments |
2,337,320 |
2,613,133 |
Grant and contribution revenue |
37,654,420 |
26,455,000 |
Other miscellaneous program income |
6,715,637 |
7,368,502 |
Total revenues, gains and losses |
46,897,477 |
38,214,404 |
|
|
|
Program service expenses: |
|
|
Research |
42,628,980 |
54,563,482 |
Consultation and education |
8,768,435 |
12,847,798 |
Total program service expenses |
51,397,415 |
67,411,280 |
|
|
|
Support service expenses: |
|
|
Fundraising |
470,511 |
176,781 |
Operational support |
4,000,390 |
5,702,596 |
Total support service expenses |
4,470,901 |
5,879,377 |
|
|
|
Provision for federal and state taxes: |
|
|
Unrelated business income tax benefit |
— |
(8,290) |
|
|
|
Total expenses |
55,868,316 |
73,282,367 |
|
|
|
Expenses in excess of revenues, gains and losses |
(8,970,839) |
(35,067,963) |
|
|
|
Gain on involuntary conversion |
11,790,410 |
11,072,235 |
Postretirement benefit related changes other than net periodic costs |
(357,115) |
10,026,817 |
|
|
|
Change in Net Assets |
2,462,456 |
(13,968,911) |
Net assets, beginning of year |
$141,931,462 |
$155,900,373 |
Net assets, end of year |
$144,393,918 |
$141,931,462 |