Financials

Financials Financials

2017 Edition

Financials

Grant Payment by Category

For year ended

Proportions of Expenses

(Cash Basis) $’s in Millions

Balance
Sheet

Assets	12/31/17*	12/31/16
Cash and Cash Equivalents	247,842,261	160,564,011
Investment Portfolio	2,800,626,072	2,663,512,864
Property and Equipment, Net	246,719,463	206,583,733
Other	2,028,544	2,360,299
Total	3,297,216,340	3,033,020,907

Liabilities	12/31/17*	12/31/16
Accounts Payable	17,157,197	13,505,532
Grants Payable	545,446,555	524,286,998
Capital Lease Obligation	151,135,182	147,834,375
Deferred Rent	2,852,656	3,621,571
Deferred Excise Tax Liability	20,638,967	20,638,967
Total	737,230,557	709,887,443

Income
Statement

Revenue	For 12 Months Ended 12/31/17*	For 12 Months Ended 12/31/16
Contributions	221,459,214	80,250,000
Investment Income	424,446,359	447,382,475
Total	645,905,573	557,632,475

Expenses	For 12 Months Ended 12/31/17*	For 12 Months Ended 12/31/16
Grants Paid	272,920,016	231,726,909
Change in Grants Payable	19,124,032	(2,954,477)
Program	76,879,247	52,515,562
General and Administrative	22,006,106	17,386,576
Depreciation and Amortization	11,321,845	3,618,990
Taxes	6,802,007	9,917,523
Total	409,053,253	312,221,083

Net Income	236,852,320	245,421,392

* Unaudited financial statements

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