Net Assets without Donor Restrictions |
Year Ended 2019 |
Year Ended 2018 |
Revenues, gains and losses: |
|
|
Interest and dividends |
$293,547 |
$354,159 |
Net realized gain on investments, net of investment expenses |
1,484,222 |
80,865 |
Net unrealized gain/(loss) on investments |
2,613,133 |
(86,907) |
Grant and contribution revenue |
26,455,000 |
201,000 |
Other miscellaneous program income |
7,368,502 |
6,349,483 |
Total Revenues, Gains and Losses |
38,214,404 |
6,898,600 |
|
|
|
Program service expenses |
|
|
Research |
54,563,482 |
47,211,738 |
Consultation and education |
12,847,798 |
11,191,306 |
Total program service expenses |
67,411,280 |
58,403,044 |
|
|
|
Support service expenses |
|
|
Fundraising |
176,781 |
— |
Operational support |
5,702,596 |
3,815,107 |
Total support service expenses |
5,879,377 |
3,815,107 |
|
|
|
Provision for federal and state taxes |
(8,290) |
(117,066) |
Total Expenses |
73,282,367 |
62,101,085 |
|
|
|
Expenses in excess of revenues, gains and losses |
(35,067,963) |
(55,202,485) |
|
|
|
Gain on involuntary conversion |
11,072,235 |
34,292,781 |
Pension and postretirement medical related changes other than net periodic costs |
10,026,817 |
9,523,712 |
Change in Net Assets |
(13,968,911) |
(11,385,992) |
Net Assets, Beginning of Year |
155,900,373 |
167,286,365 |
Net Assets, End of Year |
$141,931,462 |
$155,900,373 |