Statement of Financial Position
| Assets | As of Dec. 31, 2020 | As of Dec. 31, 2019 |
| Cash | $3,316,547 | $2,400,877 |
| Accounts receivable and other assets | 1,705,631 | 4,442,091 |
| Marketable securities, at fair value, cost of $55,397,534 and $45,541,694, in 2020 and 2019, respectively: | ||
| U.S. government securities | 11,314,994 | 13,240,409 |
| Corporate securities | 41,069,244 | 26,048,641 |
| Mutual and commingled funds | 7,302,395 | 8,596,143 |
| Total marketable securities | 59,686,633 | 47,885,193 |
| Property and equipment, net of accumulated depreciation | 87,464,955 | 94,799,567 |
| Total assets | $153,810,089 | $151,293,909 |
| Prepaid expenses | 1,636,323 | 1,766,181 |
| Liabilities and Net Assets | ||
| Accounts payable and accrued expenses | $3,936,148 | $4,195,175 |
| Notes payable | 880,000 | 990,000 |
| Liability for postretirement benefits | 4,600,023 | 4,177,272 |
| Total liabilities | $9,416,171 | $9,362,447 |
| Net assets without donor restrictions | 144,393,918 | 141,931,462 |
| Total net assets | $144,393,918 | $141,931,462 |
| Total Liabilities and Net Assets | $153,810,089 | $151,293,909 |
Statements of Activities and Change in Net Assets
| Net Assets | Year Ended 2020 | Year Ended 2019 |
| Revenues, gains and losses: | ||
| Interest and dividends | $189,375 | $293,547 |
| Net realized gains on investments, net of investment expenses | 725 | 1,484,222 |
| Net unrealized gain on investments | 2,337,320 | 2,613,133 |
| Grant and contribution revenue | 37,654,420 | 26,455,000 |
| Other miscellaneous program income | 6,715,637 | 7,368,502 |
| Total revenues, gains and losses | 46,897,477 | 38,214,404 |
| Program service expenses: | ||
| Research | 42,628,980 | 54,563,482 |
| Consultation and education | 8,768,435 | 12,847,798 |
| Total program service expenses | 51,397,415 | 67,411,280 |
| Support service expenses: | ||
| Fundraising | 470,511 | 176,781 |
| Operational support | 4,000,390 | 5,702,596 |
| Total support service expenses | 4,470,901 | 5,879,377 |
| Provision for federal and state taxes: | ||
| Unrelated business income tax benefit | — | (8,290) |
| Total expenses | 55,868,316 | 73,282,367 |
| Expenses in excess of revenues, gains and losses | (8,970,839) | (35,067,963) |
| Gain on involuntary conversion | 11,790,410 | 11,072,235 |
| Postretirement benefit related changes other than net periodic costs | (357,115) | 10,026,817 |
| Change in Net Assets | 2,462,456 | (13,968,911) |
| Net assets, beginning of year | $141,931,462 | $155,900,373 |
| Net assets, end of year | $144,393,918 | $141,931,462 |
