The Community Foundation of the NRV 2022 2023 Annual Report
AS OF 12/31/22 FINANCIAL INFORMATION
FINANCIAL POSITION STATEMENT ASSETS CURRENT ASSETS Cash & Cash Equivalents
STATEMENT OF ACTIVITIES REVENUES Contributions Fundraising Events/Other Income
1,102,970
125,588
0 0
Other Current Assets
3,024
Grant Income
Life Ins Surrender Value Chg
-20,884
Total Current Assets
128,612
Investment Return
-1,876,781
Total Revenues
-794,695
ENDOWMENT INVESTMENTS Cash & Cash Equivalents
1,579,558 12,489,312 14,068,870
EXPENSES PROGRAM EXPENSES Fund & Fiscal Spon Exp Grants & Scholarships
Marketable Securities
Total Endowment Assets
212,921 543,644 756,565 202,435
OTHER ASSETS Life Insurance Surrender Value Note Receivable (LION Note) Lease right-of-use Asset
7,021 50,000 49,882 30,000 136,903
Total Program Expenses
Administrative Expenses Real Estate Expense
Real Estate
517
Total Other Assets
Total Expenses
959,517
TOTAL ASSETS
14,334,385
CHANGE IN NET ASSETS
-1,754,212
LIABILITIES CURRENT & LT LIABILITIES Accounts Payable Payroll Tax Liabilities Payable Lease Liability - Current Credit Card Payable
Net Assets - Beginning of Year
16,029,689
3,481
Net Assets - End of Year
14,275,477
650
4,895 26,359 23,523 58,908
Lease Liability - LT Total Liabilities
NET ASSETS Unrestricted Net Assets: Operating
Copies of the 2022 audited financial statements and IRS Form 990 are available upon request.
131,589 1,376,238 12,767,650 14,275,477 14,334,385
Temporarily Restricted Permanently Restricted
Total Net Assets
TOTAL LIABILITIES & NET ASSETS
49
THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY
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