ANALYSIS CASE 1 Go to the Web site of a private not-for-profit organization such as Christian Children’s Fund (www.christ- ianchildrensfund.org), the American Heart Association (www.americanheart.org), or Goodwill Industries (www.goodwill.org). Find the charity’s latest financial statements which usually can be found by click¬ ing on a button such as “About Our Charity” and then clicking on “Annual Report.”

Required After examining these financial statements, answer the following questions about the private not-for- profit organization:

1. How many different program services were listed? Name each.

2. What percentage of total expenses went to supporting services?

3. Were any contributed services recognized and, if so, for how much?

4. What dollar amount was spent on fund-raising?

5. What was the year-end total for unrestricted net assets, temporarily restricted net assets, and unre¬ stricted net assets?

6. What amount of net assets was reclassified from temporarily restricted to unrestricted net assets this past year because the external restriction had been satisfied?