CFNRV Annual Report 2018-2019

2018 FINANCIAL INFORMATION

FINANCIAL POSITION STATEMENT

STATEMENT OF ACTIVITIES

ASSETS CURRENT ASSETS Cash & Cash Equivalents Other Current Assets

REVENUES Contributions

1,097,695

98,909 1,378 100,287

Fundraising Events/Misc Income

7,256 12,500 -3,132

Grant Income

Life Ins Surrender Value Chg

Total Current Assets

Investment Return

-571,245 543,074

Total Revenues

ENDOWMENT INVESTMENTS Cash & Cash Equivalents

1,409,489 8,027,710 9,437,199

EXPENSES PROGRAM EXPENSES Fund & Fiscal Spon Exp Grants & Scholarships

Marketable Securities

Total Endowment Assets

111,556 367,717 479,273 345,848 825,351 -282,277 231

OTHER ASSETS Life Insurance Surrender Value Note Receivable (Lion Note)

36,275 100,000 30,000 166,275

Total Liabilities

Real Estate

Administrative Expenses Real Estate Expense

Total Other Assets

Total Expenses

TOTAL ASSETS

9,703,761

CHANGE IN NET ASSETS

LIABILITIES CURRENT LIABILITIES Accounts Payable Deferred Revenue

Net Assets - Beginning of Year

9,976,080

2,007 2,000 5,951 9,958

Net Assets - End of Year

9,693,803

Payroll Tax Liabilities Payable

Total Liabilities

NET ASSETS Unrestricted Net Assets: Operating

8,180

Copies of the 2018 audited financial statements and IRS Form 990 are available upon request.

Temporarily Restricted Permanently Restricted

1,226,316 8,459,307

Total Net Assets 9,693,803 TOTAL LIABILITIES & NET ASSETS 9,703,761

41

THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY