Community Foundation of the Virginias 2022 Annual Report

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 16,834 12,488,962 231,458

$ 379,767 12,932 15,153,500 241,558

Investments

Property and equipment, net of accumulated depreciation

$13,066,378

$15,787,757

LIABILITIES AND NET ASSETS LIABILITIES Amount held on behalf of others

$

415 980

$

415 1,567

Other payables

1,395

1,982

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

532,236 12,532,747

678,679

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 3,000 331,064 (2,341,964)

$

916,225 3,000 244,954 1,652,211

Rental income

Interest and dividend income

Net realized and unrealized gains on investments

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