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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