| Community Foundation of the Virginia's, Inc. | |||||
| Statement of Financial Position | |||||
| December 31, 2006, 2005 and 2004 | |||||
| 2006 | 2005 | 2004 | |||
| Assets | |||||
| Cash and Equivalents | $1,401,251 | $1,118,198 | $553,516 | ||
| Pledges receivable | - | 4,804 | 9,420 | ||
| Interest and Dividends receivable | 15,939 | 17,073 | 3,688 | ||
| Deposits | - | 20 | 50 | ||
| Donated asset held for sale | - | 20,000 | - | ||
| Investments | 3,289,857 | 2,704,495 | 1,544,965 | ||
| Property and equipment, net of accumulated depreciation | 393,058 | 403,158 | - | ||
| Total assets | $5,100,105 | $4,267,748 | $2,111,639 | ||
| Liabilities and Net Assets | |||||
| Liabilities: | |||||
| Amounts held on behalf of others | 1,600,415 | $1,600,415 | $415 | ||
| Grants payable | 18,939 | 11,200 | 3,000 | ||
| Accounts payable | 503 | 419 | 473 | ||
| Total Liabilities | 1,619,857 | 1,612,034 | 3,888 | ||
| Net assets: | |||||
| Unrestricted | 1,758,304 | 1,530,229 | 1,027,783 | ||
| Temporarily restricted | 86,733 | 83,711 | 73,651 | ||
| Permanently restricted | 1,635,211 | 1,041,774 | 1,006,317 | ||
| Total net assets | 3,480,248 | 2,655,714 | 2,107,751 | ||
| Total liabilities and net assets | $5,100,105 | $4,267,748 | $2,111,639 | ||
| Condensed Statement of Activities | |||||
| Years Ended December 31, 2006, 2005 and 2004 | |||||
| 2006 | 2005 | 2004 | |||
| Revenues, Gains and Other Support | |||||
| Contributions | 655,145 | $514,632 | $130,595 | ||
| Interest and dividend income | 154,805 | 83,141 | 56,746 | ||
| Rent income | 21,019 | 3,900 | 4,875 | ||
| Net realized and unrealized gains and losses on investments | 168,731 | 46,908 | 82,261 | ||
| Total revenues, gains and other support | 999,700 | 648,581 | 274,477 | ||
| Grants, Fund Raising and Administrative Expenses | 175,166 | 100,618 | 78,098 | ||
| Change in net assets | 824,534 | 547,963 | 196,379 | ||
| Net Assets | |||||
| Beginning | 2,655,714 | 2,107,751 | 1,911,372 | ||
| Ending | $3,480,248 | $2,655,714 | $2,107,751 | ||
| The above financial statements were excerpted from our December 31, financial report each year | |||||
| dated May 30, each following year, which was reviewed by Brown, Edwards & Company, L.L.P., | |||||
| Certified Public Accountants. The above is not intended to constitute a complete financial | |||||
| presentation and reference should be made to the complete financial report for additional | |||||
| details and notes to financial statements. | |||||