Statement of Financial Position
(Unaudited)
| Assets | As of Dec. 31, 2017 |
|---|---|
| Cash | $3,088,205 |
| Investments | 9,791,528 |
| Accounts receivable and other assets | 2,113,328 |
| Grants receivable | 53,250,000 |
| Prepaid expenses | 777,108 |
| Property and equipment, net of accumulated depreciation of $97,369,201 | 129,806,691 |
| Total Assets | $198,826,860 |
| Liabilities | |
| Accounts payable and accrued expenses | $3,570,442 |
| Notes payable | 6,132,178 |
| Liability for Pension and Post-retirement Medical Benefits | 21,837,875 |
| Total Liabilities | $31,540,495 |
| Net Assets | |
| Unrestricted | $167,286,365 |
| Total Net Assets | $167,286,365 |
| Total Net Assets and Liabilities | $198,826,860 |
Statement of Activities
(Unaudited)
| Revenues, Gains and Losses | Year Ended 2017 |
|---|---|
| Interest | $1,069,318 |
| Dividends | 2,263,400 |
| Net realized and unrealized gains on investments | 15,264,395 |
| Grant revenue | 79,250,000 |
| Other miscellaneous program and royalty income | 6,592,208 |
| Total Revenues, Gains and Losses | 104,439,321 |
| Expenses | |
| Operations | 57,449,866 |
| Grants | 1,706,213 |
| Management and administrative | 5,027,530 |
| Provision for federal excise taxes | 361,572 |
| Total Expenses | 64,545,181 |
| Revenues, Gains and Losses in excess of expenses | 39,894,140 |
| Pension and post-retirement medical-related changes other than net periodic costs | 1,912,225 |
| Change in net assets from operations | $41,806,365 |
