Answered step by step
Verified Expert Solution
Question
1 Approved Answer
individually significant items. the dollar amount used to identify individually significant dollar items can be any amount up to tolerable amount 2018 2017 Assets Current
individually significant items. the dollar amount used to identify individually significant dollar items can be any amount up to tolerable amount
2018 2017 Assets Current assets. Cash and equivalents Prepaid expenses Investments, at fair value 265,470 6,854 334,396 244,663 7,973 375.807 Total current assets 606,720 Property and equipment, at cost Less accumulated depreciation Net property and equipment Beneficial interest in assets held by Community Foundation Total assets 991,887 (767,509) 224,378 147,620 978,718 628,443 988,605 (711,067) 277,538 128 548 1,034,529 $ Liabilities and Net Assets 5.1574 757 Current liabilities - accrued expenses Net assets. Without dono restrictions With donor restrictions 918.561 50.000 973,561 1,021 236 8,536 1.029,772 Total net assets Without With donor Total 2012 55,000 Revenue and other support: Contributions and grants Donated investments Special events revenue In-kind contributions Investment income (loss) Miscellaneous income 457.577 4,078 18,116 079465 512.577 4,678 18.116 279,465 (25.502) 395 970 5,601 40 057 271,369 502 61 915 628 146 89.480 775,540 789.480 775,540 707,728 52.570 Net assets released from restrictions Total revenue and other support Expenses Program services Management and general Fundraising Total expenses Change in net assets Net assets at beginning of year Net assets at end of year 765,915 55 399 24.377 845.691 74 703 785.101 46,464 LO1.236 (56,211) 1.099,772 973.561 (9.561) 1.039,333 1029 773 $ 501 5 5 000 Management and general Fundraising Total 2017 Program services $ 263,023 58,370 Salaries and wages Payroll taxes and employee benefits 11 608 2.576 2018 274,631 60.946 218,464 51,433 Total salaries and related benefits 14.184 321,393 308 284 45,154 16,613 11.288 4153 17,822 171458 Meals Depreciation Insurance Professional services Repairs and maintenance Program supplies Utilities Printing Special events Miscellaneous Trash removal Bank service charges Office supplies Telephone 11 335,577 308,284 56,442 20,766 17,822 17.625 17.458 17272 15.379 6.472 6,178 6063 5,814 0380 3216 269,897 307,745 55,608 21,325 18,268 29,554 12,605 15,822 17.266 4209 4,025 5,869 5.829 5.278 320 151379 o search 2018 2017 Assets Current assets. Cash and equivalents Prepaid expenses Investments, at fair value 265,470 6,854 334,396 244,663 7,973 375.807 Total current assets 606,720 Property and equipment, at cost Less accumulated depreciation Net property and equipment Beneficial interest in assets held by Community Foundation Total assets 991,887 (767,509) 224,378 147,620 978,718 628,443 988,605 (711,067) 277,538 128 548 1,034,529 $ Liabilities and Net Assets 5.1574 757 Current liabilities - accrued expenses Net assets. Without dono restrictions With donor restrictions 918.561 50.000 973,561 1,021 236 8,536 1.029,772 Total net assets Without With donor Total 2012 55,000 Revenue and other support: Contributions and grants Donated investments Special events revenue In-kind contributions Investment income (loss) Miscellaneous income 457.577 4,078 18,116 079465 512.577 4,678 18.116 279,465 (25.502) 395 970 5,601 40 057 271,369 502 61 915 628 146 89.480 775,540 789.480 775,540 707,728 52.570 Net assets released from restrictions Total revenue and other support Expenses Program services Management and general Fundraising Total expenses Change in net assets Net assets at beginning of year Net assets at end of year 765,915 55 399 24.377 845.691 74 703 785.101 46,464 LO1.236 (56,211) 1.099,772 973.561 (9.561) 1.039,333 1029 773 $ 501 5 5 000 Management and general Fundraising Total 2017 Program services $ 263,023 58,370 Salaries and wages Payroll taxes and employee benefits 11 608 2.576 2018 274,631 60.946 218,464 51,433 Total salaries and related benefits 14.184 321,393 308 284 45,154 16,613 11.288 4153 17,822 171458 Meals Depreciation Insurance Professional services Repairs and maintenance Program supplies Utilities Printing Special events Miscellaneous Trash removal Bank service charges Office supplies Telephone 11 335,577 308,284 56,442 20,766 17,822 17.625 17.458 17272 15.379 6.472 6,178 6063 5,814 0380 3216 269,897 307,745 55,608 21,325 18,268 29,554 12,605 15,822 17.266 4209 4,025 5,869 5.829 5.278 320 151379 o searchStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started