How to calculate net assets
Open Hearts
Trial Balance
as of 12/31/18
	Debit	Credit
Cash	$156,500
Pledges ReceivableWithout Donor Restrictions	41,000
Estimated Uncollectible Pledges		$4,100
Inventory	2,800
Investments	178,000
Furniture and Equipment	210,000
Accumulated DepreciationFurniture and Equipment		120,000
Accounts Payable		20,520
Net Assets Without Donor Restrictions		196,500
Net Assets With Donor RestrictionsPrograms		50,500
Net Assets With Donor RestrictionsPermanent Endowment		140,000
ContributionsWithout Donor Restrictions		378,820
ContributionsWith Donor RestrictionsPrograms		38,100
Investment IncomeWithout Donor Restrictions		11,200
Depreciation Expense	30,000
Printing and Publishing Expense	4,190
Rent and Utility Expense	32,000
Salaries and Fringe Benefit Expense	288,410
Supplies Expense	5,940
Telephone and Postage Expense	4,500
Utilities Expense	6,400
Totals	$959,740	$959,740
Open Hearts
Statement of Financial Position
December 31, 2018
Assets
Cash	$156,500.00
Pledges Receivable	36,900.00
Inventory	2,800.00
Investments	178,000.00
Furniture and Equipment	90,000.00
Total Assets	$464,200.00
Liabilities
Accounts Payable	$20,520.00
Total Liabilities	$20,520.00
Net Assets
Without Donor Restrictions	???
With Donor RestrictionsPrograms	???
With Donor RestrictionsPermanent Endowment	140,000.00
Total Net Assets	$413,680.00
Total Liabilities and Net Assets	$434,200.00