Annual Report 2019

2019 Grant Payment By Category

Proportions of Expenses
(Cash Basis, $'s in Millions)

Grants Paid

Program

General and Administrative

Capital Expenditures

350
300
250
200
150
100
50
0
296.0
102.9
44.3
17.0
2019
255.0
84.7
50.6
92.5
2018

Balance Sheet
(Unaudited, in $)

Assets

As of 12/31/19

As of 12/31/18

Cash and Cash Equivalents

Investments

Property and Equipment, Net

Prepaid Expenses and Other

Total Assets

151,891,664

3,407,867,957

417,989,136

22,279,414

4,000,028,171

174,076,804

3,049,361,841

428,870,518

11,308,487

3,663,617,650

Liabilities

Accounts Payable

Grants Payable

Mortgage and Lease Liabilities

Deferred Excise Tax Liability

Total

27,318,378

541,387,541

265,080,200

12,048,974

845,835,093

16,527,873

520,106,239

263,556,310

12,048,974

812,239,396

Net Assets

Beginning Net Assets

Current Year Change in Net Assets

Total

2,851,378,254

302,814,824

3,154,193,078

2,582,123,222

269,255,032

2,851,378,254

Total Liabilities and Net Assets

4,000,028,171

3,663,617,650

Income Statement
(Unaudited, in $)

Revenue

For the Year Ended 12/31/19

For the Year Ended 12/31/18

Contributions

Investment Income

Total

120,000,000

666,338,856

786,338,856

222,000,000

412,238,682

634,238,682

Expenses

Grants Paid

Change in Grants Payable

Program

General and Administrative

Depreciation and Amortization

Taxes

Total

295,979,745

16,995,001

111,548,113

28,917,150

23,878,283

6,205,740

483,524,032

255,035,314

(27,454,608)

91,661,508

24,576,073

15,737,666

5,427,697

364,983,650

Change in Net Assets

302,814,824

269,255,032

Balance Sheet
(Unaudited, in $)

As of 12/31/19

Assets

As of 12/31/18

151,891,664

3,407,867,957

417,989,136

22,279,414

4,000,028,171

Cash and Cash Equivalents

Investments

Property and Equipment, Net

Prepaid Expenses and Other

Total Assets

174,076,804

3,049,361,841

428,870,518

11,308,487

3,663,617,650

Liabilities

27,318,378

541,387,541

265,080,200

12,048,974

845,835,093

Accounts Payable

Grants Payable

Mortgage and Lease Liabilities

Deferred Excise Tax Liability

Total

16,527,873

520,106,239

263,556,310

12,048,974

812,239,396

Net Assets

2,851,378,254

302,814,824

3,154,193,078

Beginning Net Assets

Current Year Change in Net Assets

Total

2,582,123,222

269,255,032

2,851,378,254

4,000,028,171

Total Liabilities and Net Assets

3,663,617,650

Income Statement
(Unaudited, in $)

For the Year Ended 12/31/19

Revenue

For the Year Ended 12/31/18

120,000,000

666,338,856

786,338,856

Contributions

Investment Income

Total

222,000,000

412,238,682

634,238,682

Expenses

295,979,745

16,995,001

111,548,113

28,917,150

23,878,283

6,205,740

483,524,032

Grants Paid

Change in Grants Payable

Program

General and Administrative

Depreciation and Amortization

Taxes

Total

255,035,314

(27,454,608)

91,661,508

24,576,073

15,737,666

5,427,697

364,983,650

302,814,824

Change in Net Assets

269,255,032