Obtain a copy of the annual report of a private not-for-profit organization. Answer the following questions from the report (if obtaining a report online, use the site search or the "about us" button to locate the annual report). For examples, try the following:

The American Accounting Associationwww.aaahq.org

American Red Crosswww.redeross.org

Habitat for Humanitywww.habitat.org

American Diabetes Associationwww.diabetes.org

Save the Childrenwww.savethechildren.org

a. What financial statements are presented?

b. How are the contribution revenues recognized?

c. Does the organization have net assets with donor restrictions? What is the nature of the restrictions?