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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