Exchange revenues and gains Tuition Scholarships Unrealized gain on investments Dividend revenues Contribution revenue University of Danville Statement of Activities For the Year Ended December 31, 20XX Net Assets Without Donor Restrictions Net Assets With Donor Restrictions $ 1,200,000 (100,000) $ 1,100,000 $ 30,000 9,000 Cash and other assets 100,000 Pledges Interest 7,513 9,376 Services 80,000 Total revenues, gains, and contributions 1,189,000 146,889 0 Net assets released from restriction Totals 200,000 (200,000) 1,389,000 (53,111) 0 Operating Expenses Salaries Teaching 196,000 Research 104,000 Administrative 50,000 Fund raising 40,000 390,000 Depreciation Teaching 6,400 Research 25,600 32,000 Utilities and other expenses Teaching 74,000 Research 45,000 Fundraising Administrative 43,000 50,000 212,000 634,000 Total expenses Increase in net assets Net assets-beginning of year Net assets-end of year $ 0 $