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Statement
of Financial Position*
December 31, 2007
| Current assets | |
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|
| Cash & cash equivalents | $375,291 |
| Securities & investments | 173,524,127 |
| Receivable for investments sold | 4,019,966 |
| Interest, dividends and other receivables | 87,806
|
| Prepaid expenses | 22,280 |
|
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| Total current assets | $178,036,752 |
|
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| Total Property & equipment | $7,281
|
| Total assets | $178,036,752
|
| Liabilities and net assets | |
|
|
| Accounts Payable and accrued expenses Grants payable, current portion |
$424,407 2,951,901 |
| Deferred federal excise tax liability | 192,062
|
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| Total liabilities | $3,818,370 |
|
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| Net
Assets Unrestricted Undesignated |
173,639,113 |
| Board Designated | 579,268
|
| Total liabilities | $6,293,536
|
| Total unrestricted net assets | $174,218,381
|
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| Total Liabilities & Net Assets | $178,036,752
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| * Unaudited and Condensed | |
