CFNRV_Proof

2017 FINANCIAL INFORMATION

FINANCIAL POSITION STATEMENT

STATEMENT OF ACTIVITIES

ASSETS CURRENT ASSETS Cash & Cash Equivalents Other Current Assets

REVENUES Contributions

1,209,875 1,800 13,781 1,914 941,266 2,168,637

62,379

Fundraising Events

878

Grant Income

Life Ins Surrender Value Chg

Total Current Assets

63,257

Investment Return

ENDOWMENT INVESTMENTS Cash & Cash Equivalents

Total Revenues

710,639 9,139,738 9,850,377

EXPENSES PROGRAM EXPENSES Special Grants & Fiscal Spon Exp

Marketable Securities

Total Endowment Assets

109,568 450,173 559,741 334,239

OTHER ASSETS Life Insurance Surrender Value

Grants & Scholarships

39,407 30,000 69,407

Total Liabilities

Real Estate

Administrative Expenses Real Estate Expense

Total Other Assets

192

TOTAL ASSETS

9,983,042

Total Expenses

894,173

LIABILITIES CURRENT LIABILITIES Accounts Payable

CHANGE IN NET ASSETS

1,274,464

931

Net Assets - Beginning of Year

8,701,616

Accrued Payroll

0

Payroll Tax Liabilities Payable

6,031 6,962

Net Assets - End of Year

9,976,080

Total Liabilities

NET ASSETS Unrestricted Net Assets: Operating

20,824

Temporarily Restricted Permanently Restricted

1,133,060 8,822,196

Copies of the 2017 audited financial statements and IRS Form 990 prepared by Brown Edwards & Company L.L.P. are available upon request.

Total Net Assets 9,976,080 TOTAL LIABILITIES & NET ASSETS 9,983,042

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THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY