|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, |
|
|
2009 |
|
|
2008 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
|
|
$ |
4,861,184 |
|
$ |
2,874,842 |
|
|
|
|
|
|
|
|
|
| Receivables: |
|
|
|
|
|
|
|
Investments in transit |
|
237,979 |
|
|
12,336,737 |
|
Interests and dividents |
|
103,961 |
|
|
150,373 |
|
|
|
|
|
|
|
|
|
| Notes
Receivable |
|
596,127 |
|
|
565,767 |
|
|
|
|
|
|
|
|
|
| Investments, at fair value |
|
211,025,027 |
|
|
167,652,985 |
|
|
|
|
|
|
|
|
|
| Property and
Equipment, net |
|
283,832 |
|
|
337,060 |
|
|
|
|
|
|
|
|
|
| Other Assets |
|
|
97,679 |
|
|
137,006 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
$ |
217,205,789 |
|
$ |
184,054,770 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities and
Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
$ |
225,994 |
|
$ |
211,059 |
|
Grants payable |
|
1,193,000 |
|
|
2,341,500 |
|
Deferred taxes |
|
12,000 |
|
|
0 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
1,430,994 |
|
|
2,552,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unrestricted
Net Assets |
|
215,774,795 |
|
|
181,502,211 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and net assets |
$ |
217,205,789 |
|
$ |
184,054,770 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
