2024 CFNRV AR_FINAL_FB

FINANCIAL INFORMATION AS OF 12/31/23

Statement Of Activities

Financial Position Statement

Contributions REVENUES

ASSETS

1,886,702

CURRENT ASSETS Cash & Cash Equivalents Other Current Assets

Life Ins Surrender Value Chg

-7,021

137,936

Investment Return

1,800,175

3,639

Total Current Assets

141,575

TOTAL REVENUES

3,679,857

ENDOWMENT INVESTMENTS Cash & Cash Equivalents

1,754,708 14,661,063 16,415,771

EXPENSES

Marketable Securities

PROGRAM EXPENSES Fund & Fiscal Spon Exp Grants & Scholarships

Total Endowment Assets

259,437 605,705 865,142

OTHER ASSETS Note Receivable (LION Note) Lease right-of-use Asset

Total Program Expenses

100,000 23,523 30,000 153,523

Administrative Expenses

411,426

Real Estate

Real Estate Expense

754

Total Other Assets

TOTAL ASSETS

16,710,869

TOTAL EXPENSES

1,277,322

LIABILITIES & NET ASSETS

CURRENT & LT LIABILITIES Accounts Payable

Change in Net Assets

2,402,535

2,531

Credit Card Payable

868

Payroll Tax Liabilities Payable

5,935

NET ASSETS Beginning of Year 14,275,477

Lease Liability - Current

23,523 32,857

Total Liabilities

NET ASSETS End of Year

NET ASSETS Unrestricted Net Assets: Operating

16,678,012

158,885

Temporarily Restricted Permanently Restricted

1,487,178 15,031,949 16,678,012

Total Net Assets

Copies of the 2023 audited financial statements and IRS Form 990 are available upon request.

TOTAL LIABILITIES & NET ASSETS

16,710,869

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THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY