1. Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts as needed.

2. Write a one-page memo to the Board of Directors for the Centerville Area Homeless Shelter. Explain to the Board what the statement of activities for their organization can tell them about the financial picture of the Shelter.

CENTERVILLE AREA HOMELESS SHELTER
Statement of Activities
For the Year Ended December 31, 2020
	Net Assets without Donor Restrictions	Net Assets with Donor Restrictions	Total
Revenues
Contribution revenues			$1,584,680
Net assets released from restrictions		(27,500)	0
Total revenues			1,584,680
Expenses
Temporary shelter program			1,029,650
Self-sufficiency program			366,200
Fund raising			7,825
Administration			69,055
Total expenses			1,472,730
Increase in net assets	85,000	26,950	111,950
Net assets January 1	21,750	14,400	36,150
Net assets December 31	$106,750	$41,350	$148,100