| Summarized Statement of Revenues and Expenditures and Changes in Fund Balances for the year ended July 31, 2019 | 2019 Total | 2018 Total | ||
| Revenue (Losses) | ||||
| Government and other grants | $ | 3,216,487 | $ | 3,973,418 |
| Realized investment income | 3,146,156 | 13,729,347 | ||
| Unrealized investment gains (losses) | 2,359,671 | (3,172,983) | ||
| Other | 1,492,004 | 1,411,683 | ||
| 10,214,318 | 15,941,465 | |||
| Expenses | ||||
| Research and conferences | 13,948,486 | 15,953,738 | ||
| Administration | 2,714,092 | 2,609,844 | ||
| Amortization | 2,005,682 | 2,084,159 | ||
| Facilities | 1,097,278 | 1,106,231 | ||
| Technical support | 978,262 | 966,608 | ||
| 20,743,800 | 22,720,580 | |||
| Excess of Expenses Over Revenue | (10,529,482) | (6,779,115) | ||
| Fund Balances, Beginning of the Year | 183,453,039 | 190,232,154 | ||
| Fund Balances, End of the Year | $ | 172,923,557 | $ | 183,453,039 |
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2019 Annual Report