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FSO Norwalk Resevoir (4).JPG

Finance

Statement of Financial Position

ASSETS

Cash and Cash Equivalents

Investments at Fair Value

   Total Assets

 

LIABILITIES AND NET ASSETS

Grants Payable and Other Liabilities

Agency Endowments

Total Liabilities

Net Assets

   Total Liabilities and Net Assets

 

REVENUES

Transfer of Assets from the Community

   Foundation of Lorain County

Contributions and Other Support

Investment Revenue and Gains/(Losses)

   Total Revenue

 

EXPENSES

Grants

Program and Other Expenses

   Total Expenses

 

INCREASE/(DECREASE) IN NET ASSETS 

12/31/2021

52,721

7,485,198

$7,537,919

​

12/31/2021

462

2,758,617

2,759,079

4,778,840

$7,537,919

 

12/31/2021

4,478,372

 

213,856

169,711

$4,861,939

​

12/31/2021

45,147

37,952

$83,099

​

$4,778,840

12/31/2022

58,585

6,626,483

$6,685,068

​

12/31/2022

282

2,050,786

2,051,068

4,634,000

$6,685,068

​

12/31/2022

-

​

544,662

(927,201)

$(382,539)

​

12/31/2022

374,239

95,893

$470,132

​

$(852,671)

The 2021 information is derived from the financial statements reviewed by Barnes Wendling, CPA's

The 2022 information is derived from the Community Foundation's internal financial reports

​

Copies of the most recent IRS Form 990 and the Community Foundation's annual review are available upon request.

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