Finance: Sharing the Numbers
Granting: Awarded $3.48 million in community grants and scholarships.
Agency Fund Grants: Over $200,000 awarded to local nonprofits from their endowments.
$3.48 Million
Over $200,00
Balance By Fund Type
2013 $1,443,337 2014 $1,787,254 2015 $2,342,271 2016 $1,669,388 2017 $2,442,622 2018 $3,543,033 2019 $2,289,302 2020 $5,740,126 2021 $1,699,271 2022 $3,134,057 Total Amount of Gifts Received
$6,483,123
$6,103,838
$870,578
$182,290
Summary of Statement of Financial Position
Assets
2022
2021
Designated
Scholarships
Field of Interest
Deferred
Cash and cash Equivalents
$3,963,381
$4,384,776
Accounts Receivable
-
$2,500 $19,409 $7,420 $29,775
Investment earnsing and scholarship Interest receivable, net
$30,772 $4,956 $33,775
Prepaid expenses
$4,111,101
$8,941,164
$3,652,269
$3,804,903
Scholarship loans receivable, net
Investments
$29,684,968
$35,381,673
Property and Equipment Building and Improvements Office and computer Equipment
Endowed Non-Profits
Unrestricted
Donor Advised
Operating
$1,523,266
$385,354 $46,215 $461,569 $294,502 $137,067 $96,625
$46,215
$1,569,481 $307,242 $1,262,239
Less accumulated depreciation
A longstanding community partner, Lake City Bank recently made a generous contribution to the Community Foundation of Whitley County in honor of the financial institution’s remarkable 150th Anniversary. Joining the Foundation’s Board for the check presentation were Bruce Wright - Senior Vice President, Retail Banking Regional Manager; Carolyn Ross – Assistant Vice President, Retail Banking Officer; Shelly Kindler – Vice President, Investment Administrator and Cammy Treadway – Senior Vice President, Commercial East Regional Manager.
Land
$96,625
Total property and equipment
$1,358,864 $233,692 $35,049,716 $40,059,245
Liabilties and Net Assets
2022
2021
Liabilities
Accounts Payable Grants Payable Accrued Expenses Annuity Reserves
$80,408 $157,127
$21,628 $101,704
$360
-
$6,620
$7,775
Agency Funds
$415,243 $659,758
$497,645 $628,752
Total Liabilities
Net Assets Without donor restrictions
Donor Services: 21 new charitable funds opened.
Donations: Receieved over
$2,717,044 $32,218,914
$1,047,356 $38,383,137
21 New Funds
1,000+ Gifts
With donor restrictions
1,000 gifts totaling over $3.1 million.
Total net assets
$34,389,958 $39,430,493 $35,049,716 $40,059,245
28 2022 Annual Report
Community Foundation of Whitley County 29
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