Consider the following contributions to private not-for-profit organizations:
1. Pledge cards signed by church members pledge $3,000,000 to a facilities improvement campaign. Church officials expect that 90 percent of the pledges will be collected.
2. A university phone-a-thon produces $75,000 of "intentions to give;" respondents have 30 days to think it over.
3. A prominent alumnus pledges $5,000,000 to support the MS in accounting program in a local university, conditional on the program becoming separately accredited by the AACSB.
4. Contributors sign pledge cards for $150,000 to support ongoing programs at a local teaching hospital. Past experience indicates that 75 percent will be collected.
5. A college receives cash gifts of $250,000 restricted by the donors to a new graduate program in mathematical finance. College officials believe $1,000,000 is needed before the new program can begin.
Required
State whether each of the above items is recognized as a contribution. If recognized, give the amount of revenue and whether it is unrestricted or temporarily restricted. If it is not recognized, explain why.