CFV Annual Report 2022

COMMUNITY FOUNDATION OF THE VIRGINIAS, INC. STATEMENTS OF FINANCIAL POSITION December 31, 2022 and 2021

ASSETS

2022

2021

Cash and cash equivalents Interest and dividends receivable

$ 329,124

$ 379,767

16,834

12,932

Investments

12,488,962

15,153,500

Property and equipment, net of accumulated depreciation

231,458

241,558

$13,066,378

$15,787,757

LIABILITIES AND NET ASSETS LIABILITIES Amount held on behalf of others

$

415 980

$

415

Other payables

1,567

1,395

1,982

NET ASSETS Net assets without donor restrictions Net assets with donor restrictions

532,236

678,679

12,532,747

15,107,096

13,064,983

15,785,775

$13,066,378

$15,787,757

STATEMENTS OF ACTIVITIES December 31, 2022 and 2021 2022

2021

REVENUES, GAINS AND OTHER SUPPORT Contributions

$ 220,135

$

916,225

Rental income

3,000

3,000

Interest and dividend income

331,064

244,954 1,652,211

Net realized and unrealized gains on investments

(2,341,964)

Total revenues, gains and other support

(1,787,765)

2,816,390

MANAGEMENT AND GENERAL EXPENSES SCHOLARSHIPS AND GRANTS

933,027

865,902

Change in net assets

(2,720,792)

1,950,488

NET ASSETS Beginning

15,785,775

13,835,287

Ending

$13,064,983

$15,785,775