2022 Annual Report
FINANCIAL INFORMATION AS OF 12/31/21
FINANCIAL POSITION STATEMENT ASSETS CURRENT ASSETS Cash & Cash Equivalents
STATEMENT OF ACTIVITIES REVENUES Contributions Fundraising Events/Other Income
2,411,876
473,412
90,800
Other Current Assets
4,060
Grant Income
0
Life Ins Surrender Value Chg
-9,471
Total Current Assets
477,472
Investment Return
1,823,942 4,317,147
Total Revenues
ENDOWMENT INVESTMENTS Cash & Cash Equivalents
2,326,398 13,074,730 15,401,128
EXPENSES PROGRAM EXPENSES Fund & Fiscal Spon Exp Grants & Scholarships
Marketable Securities
Total Endowment Assets
211,131 525,052 736,183 158,154
OTHER ASSETS Life Insurance Surrender Value Note Receivable (Lion Note)
22,905 100,000 30,000 152,905
Total Program Expenses
Real Estate
Administrative Expenses Real Estate Expense
597
Total Other Assets
Total Expenses
894,934
TOTAL ASSETS
16,031,505
CHANGE IN NET ASSETS
3,422,213
LIABILITIES CURRENT LIABILITIES Accounts Payable Deferred Revenue
Net Assets - Beginning of Year
12,607,476
1,075
0
Net Assets - End of Year
16,029,689
Payroll Tax Liabilities Payable
741
Total Liabilities
1,816
NET ASSETS Unrestricted Net Assets: Operating
120,302 1,054,995 14,854,392 16,029,689
Temporarily Restricted Permanently Restricted
Copies of our 2021 audited financial statements and IRS Form 990 are available upon request.
Total Net Assets
TOTAL LIABILITIES & NET ASSETS
16,031,505
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THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY
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