Annual Report, December 31, 2007

Assets:
     Cash & Cash Equivalents
     Investments
     Land, Building, Equiptment
    Total Assets
 
1,347,419
2,458,746
133,741
$3,939,906
 
Liabilities:
     Grants Payable
     Total Liabilities
 
10,000
$10,000
 
Net Assets:
     Unrestricted
$3,929.906

Total Liabilities & Net Assets:
 
$3,939,906
 
Revenue & Other Support:
     Contributions, Gifts, Grants
     Net Investment Gains (Losses)
     Interest & Dividends
     Other Income
     Total Revenue & Other Support:
 
101,246
1,856,842
  5,913
      1,500
$1,965,501
 
Operating & Administrative Expenses:
     Operating &  Admin.  Expenses
     Contributions & Grants Paid
     Total Operating & Administrative Exp.
$29,160
118,000
$147,160

Change in Net Assets:
 
$1,818,341