Contribution revenue: Donations Interest Total WATSON FOUNDATION STATEMENT OF ACTIVITIES For Year Ending December 31, 2020 Net Assets Without Donor Restrictions Net Assets With Donor Restrictions $ 203,000 $ 161,000 $ 0 20,000 6,000 223,000 167,000 0 Investment income Exchange revenues-memberships Total contributions and revenues 20,000 $ 243,000 $ 167,000 $ 0 Net assets released from restrictions 70,000 (70,000) 0 Total contributions, revenues, and net assets released from restrictions $ 313,000 $ 97,000 $ 0 Expenses: Program services-healthcare Salary $ (90,000) Rent (6,000) Advertising (7,500) Utilities (8,000) Depreciation (24,000) Interest (15,000) (150,500) Supporting services-fundraising Rent (3,000) Advertising (3,750) Utilities (4.000) Depreciation (4.000) (14,750) Supporting services-administrative Rent (3,000) Advertising (3,750) Utilities (4,000) Depreciation (12,000) (22,750) Total expenses (188,000) Excess of total contributions, revenues, and net assets released from restriction over expenses Net assets at beginning of year Net assets at end of year 165,000 97,000 400,000 400,000 $ 565,000 $ 497,000