Annual Report
2020 FINANCIAL INFORMATION
FINANCIAL POSITION STATEMENT
STATEMENT OF ACTIVITIES
ASSETS CURRENT ASSETS Cash & Cash Equivalents Other Current Assets
REVENUES Contributions
1,364,292
51,913 5,419 57,332
Fundraising Events/Misc Income
1,716 29,000 -5,062
Grant Income
Life Ins Surrender Value Chg
Total Current Assets
Investment Return
1,042,350 2,432,296
Total Revenues
ENDOWMENT INVESTMENTS Cash & Cash Equivalents
2,356,460 10,089,199 12,445,659
EXPENSES PROGRAM EXPENSES Fund & Fiscal Spon Exp Grants & Scholarships
Marketable Securities
Total Endowment Assets
74,237 576,678 650,915 316,655
OTHER ASSETS Life Insurance Surrender Value Note Receivable (Lion Note)
27,375 100,000 30,000 157,375
Total Program Expenses
Real Estate
Administrative Expenses Real Estate Expense
231
Total Other Assets
Total Expenses
967,801
TOTAL ASSETS
12,660,366
CHANGE IN NET ASSETS
1,464,495
LIABILITIES CURRENT LIABILITIES Accounts Payable Deferred Revenue
Net Assets - Beginning of Year
11,142,981
51,482
0
Net Assets - End of Year
12,607,476
Payroll Tax Liabilities Payable
1,408
Total Liabilities
52,890
NET ASSETS Unrestricted Net Assets: Operating
37,951
Copies of the 2020 audited financial statements and IRS Form 990 are available upon request.
Temporarily Restricted Permanently Restricted
1,322,946 11,246,579 12,607,476
Total Net Assets
TOTAL LIABILITIES & NET ASSETS
12,660,366
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THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY
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