| Summarized Statement of Revenues and Expenses and Changes in Fund Balances for the year ended July 31, 2021 | 2021 | 2020 | ||
| Revenues | ||||
| Unrealized investment gains | $ | 7,281,235 | $ | 1,278,627 |
| Realized investment income | 6,465,805 | 3,748,389 | ||
| Other | 1,896,003 | 1,756,691 | ||
| Government and other grants | 514,753 | 162,334 | ||
| 16,157,796 | 6,946,041 | |||
| Expenses | ||||
| Research and conferences | 4,095,117 | 6,083,720 | ||
| Amortization | 2,109,074 | 2,124,018 | ||
| Administration | 1,769,051 | 1,880,591 | ||
| Facilities | 995,343 | 1,081,150 | ||
| Technical support | 698,782 | 737,613 | ||
| 9,667,367 | 11,907,092 | |||
| Excess of Revenues over Expenses (Expenses over Revenues) | 6,490,429 | (4,961,051) | ||
| Fund Balances, Beginning of the Year | 167,962,506 | 172,923,557 | ||
| Fund Balances, End of the Year | $ | 174,452,935 | $ | 167,962,506 |
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2021 Annual Report