| Summarized Statement of Revenues and Expenses and Changes in Fund Balances for the year ended July 31, 2023 | 2023 | 2022 | ||
| Revenues | ||||
| Realized investment income | $ | 3,438,483 | $ | 5,012,849 |
| Unrealized investment gains (losses) | 2,334,706 | (6,681,337) | ||
| Other | 1,846,897 | 1,520,265 | ||
| Government and other grants | 562,931 | 814,741 | ||
| 8,183,017 | 666,518 | |||
| Expenses | ||||
| Research and conferences | 4,768,357 | 4,458,073 | ||
| Amortization | 2,106,446 | 2,156,408 | ||
| Administration | 2,037,445 | 1,877,395 | ||
| Facilities | 1,155,319 | 1,120,979 | ||
| Technical support | 721,169 | 783,488 | ||
| 10,788,736 | 10,396,343 | |||
| Excess of Expenses over Revenues | (2,605,719) | (9,729,825) | ||
| Fund Balances, Beginning of the Year | 164,723,110 | 174,452,935 | ||
| Fund Balances, End of the Year | $ | 162,117,391 | $ | 164,723,110 |
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2023 Annual Report