| Summarized Statement of Revenues and Expenses and Changes in Fund Balances for the year ended July 31, 2020 | 2020 | 2019 | ||
| Revenues | ||||
| Realized investment income | $ | 3,748,389 | $ | 3,146,156 |
| Other | 1,756,691 | 1,492,004 | ||
| Unrealized investment gains | 1,278,627 | 2,359,671 | ||
| Government and other grants | 162,334 | 3,216,487 | ||
| 6,946,041 | 10,214,318 | |||
| Expenses | ||||
| Research and conferences | 6,083,720 | 13,948,486 | ||
| Amortization | 2,124,018 | 2,005,682 | ||
| Administration | 1,880,591 | 2,714,092 | ||
| Facilities | 1,081,150 | 1,097,278 | ||
| Technical support | 737,613 | 978,262 | ||
| 11,907,092 | 20,743,800 | |||
| Excess of Expenses Over Revenues | (4,961,051) | (10,529,482) | ||
| Fund Balances, Beginning of the Year | 172,923,557 | 183,453,039 | ||
| Fund Balances, End of the Year | $ | 167,962,506 | $ | 172,923,557 |
0%
2020 Annual Report