The Community Foundation of the New River Valley Annual Report 2024-2025

FINANCIAL INFORMATION AS OF 12/31/24

Statement Of Activities

Financial Position Statement

Contributions REVENUES

ASSETS

2,726,820 2,005,058

CURRENT ASSETS Cash & Cash Equivalents Other Current Assets

Investment Return

164,081

3,168

4,731,878

TOTAL REVENUES

Total Current Assets

167,249

ENDOWMENT INVESTMENTS Cash & Cash Equivalents

EXPENSES

2,392,754 17,108,203 19,500,957

PROGRAM EXPENSES Fund & Fiscal Spon Exp Grants & Scholarships

Marketable Securities

Total Endowment Assets

471,810 697,159

OTHER ASSETS Note Receivable (LION Note) Lease right-of-use Asset

Total Program Expenses

1,168,969

75,000 51,695 30,000

Administrative Expenses

475,851

Real Estate

Real Estate Expense

721

156,695

Total Other Assets

TOTAL EXPENSES

1,645,541

TOTAL ASSETS

19,824,901

LIABILITIES & NET ASSETS

CURRENT & LT LIABILITIES Accounts Payable

Change in Net Assets

3,086,337

1,295

Credit Card Payable

291

Payroll Tax Liabilities Payable

7,271

NET ASSETS Beginning of Year 16,678,012

Lease Liability - Current

51,695 60,552

Total Liabilities

NET ASSETS End of Year

NET ASSETS Unrestricted Net Assets: Operating

19,764,349

203,995

Temporarily Restricted Permanently Restricted

2,053,019 17,507,335 19,764,349

Total Net Assets

Copies of the 2024 audited financial statements and IRS Form 990 are available upon request.

TOTAL LIABILITIES & NET ASSETS

19,824,901

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THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY