NFP Financial Statements The following information was taken from the accounts and records of the NSP Foundation, a private, not-for-profit organization. All balances are as of June 30, 2011, unless otherwise noted Unrestricted Support - Contributions Unrestricted Revenues Investment Income Temporarly Restricted Gain on Sale of Investments Expenses- Scholarships Expenses Fund Raising Expenses - Management and General Restricted Support-Contributions Restricted Revenues- Investment Income Permanently Restricted Support - Contribution:s Unrestricted Net Assets, July 1, 2010 Temporarily Restricted Net Assets, July 1, 2010 Permanently Restricted Net Assets, July 1, 2010 $250,000 28,000 13,000 300,000 60,000 120,000 420,000 30,000 50,000 250,000 40,000 10,000 The unrestricted support from contributions was received in cash during the year. The expenses included $500,000 payable from donor-restricted resources. Prepare NSP's Statement of Activities for the fiscal year ended June 30 2011