| 2020 | 2019 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 1,205,650 | $ 1,705,717 |
| Total current assets | 1,205,650 | 1,705,717 |
| Investments, at fair value | 9,658,675 | 9,722,111 |
| Property and equipment | ||
| Equipment | 140,400 | 140,400 |
| Buildings and improvements | 65,526 | 65,526 |
| 205,926 | 205,926 | |
| Accumulated depreciation | (189,634) | (186,759) |
| Property and equipment, net | 16,292 | 19,167 |
| Other assets | 32,119 | 37,833 |
| Total assets | $ 10,912,736 | $ 11,484,828 |
| LIABILITIES AND NET ASSETS | ||
| Current liabilities | ||
| Accounts payable | $ 12,250 | $ 3,463 |
| Accrued liabilities | 4,697 | 3,618 |
| Total liabilities | 16,947 | 7,081 |
| Net assets | ||
| Without donor restrictions: | ||
| Undesignated | 85,268 | 192,739 |
| Board Designated for endowment | 1,884,774 | 2,240,078 |
| Total without donor restrictions | 1,970,042 | 2,432,817 |
| With donor restrictions: | ||
| Purpose restriction | 4,837,222 | 5,052,179 |
| Time-restricted for future periods | 82,000 | 82,000 |
| Perpetual in nature | 4,006,525 | 3,910,751 |
| Total with donor restrictions | 8,925,747 | 9,044,930 |
| Total net assets | 10,895,789 | 11,477,747 |
| Total liabilities and net assets | $ 10,912,736 | $ 11,484,828 |
16.