Community Foundation of the Virginias 2023 Annual Report

STATEMENTS OF FINANCIAL POSITION

Community Foundation of the Virginias, Inc. STATEMENTS OF FINANCIAL POSITION Years ended December 31, 2023 and 2022

2023

2022

Totals

Totals

ASSETS Cash and cash equivalents

$ 773,605

$ 329,124

Interest and dividends receivable

29,235

16,834

Investments

13,087,164

12,488,962

Property and equipment, net of accumulated depreciation

221,358

231,458

$14,111,362

$13,066,378

LIABILITIES AND NET ASSETS

LIABILITIES Accounts payable

8,075

-

Amount held on behalf of others

415

415

Other payables

966 9,456

980

1,395

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

$ 380,332 $ 13,721,574 $ 14,101,906

$ 532,236 $ 12,532,747 $ 13,064,983

$ 14,111,362

$ 13,066,378