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Please list ratios for FY 2021 and 2022 profit margin Contribution ratio Days receivable Solvency Liquidity Working capital POINTS OF LIGHT FOUNDATION s POINTS OF
Please list ratios for FY 2021 and 2022
profit margin
Contribution ratio
Days receivable
Solvency
Liquidity
Working capital
POINTS OF LIGHT FOUNDATION s POINTS OF LIGHT FOUNDATION STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED SEPTEMBER 30, 2022 The accompanying notes to the financial statements are an integral part of these statements. 6 POINTS OF LIGHT FOUNDATION STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED SEPTEMBER 30, 2021 The accompanying notes to the financial statements are an integral part of these statements. POINTS OF LIGHT FOUNDATION STATEMENTS OF CASH FLOWS YEARS ENDED SEPTEMBER 30, 2022 AND 2021 POINTS OF LIGHT FOUNDATION STATEMENTS OF CASH FLOWS YEARS ENDED SEPTEMBER 30, 2022 AND 2021 The accompanying notes to the financial statements are an integral part of these statements. POINTS OF LIGHT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 AND 2021 Note 1-Description of organization Points of Light Foundation (the "Foundation") organized on May 21, 1990, is a not-for-profit organization incorporated under the laws of the state of Delaware. The Foundation works to increase the number of volunteers throughout the world and the impact of the work they do. Funds for the Foundation's operations are raised primarily sponsorships, conference registration, software sales, sale of recognition items, and membership dues. The Foundation mobilizes millions of people through direct outreach, its 177 affiliates in 37 countries around the world, and partnerships with corporate, faith, and nonprofit organizations. The Foundation brings the power of volunteers to bear on a wide range of issues from hunger to veteran support and education to emergency preparedness. The Foundation works with companies to find innovative ways to engage their employees and customers in voluntee service; encourages companies to deploy their greatest resource - their employees' time and talents - to help solve pressing social problems. The Foundation also works to support youth by partnering with teachers, parents, schools, community organizations, and businesses. The Foundation manages signature events, programs, and projects for national days of service. The Foundation's annual conference is the world's largest gathering of volunteer service leaders, bringing together nonprofit, corporate, and government leaders each year to learn, exchange ideas, and develop volunteer-driven solutions to 21st century challenges. The Foundation recognizes the contributions of volunteers. The Daily Point of Light Award, established by President George H.W. Bush during his presidency, honors individuals and groups improving their communities. Another award, the President's Volunteer Service Award, encourages and recognizes citizens for their commitment to ongoing volunteer service and civic engagement. Note 2-Summary of significant accounting policies Basis of Accounting - The financial statements of the Foundation are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Basis of Presentation - The Foundation is required to report information regarding its financial position and activities according to two classes of net assets: net assets without donor restrictions and net assets with donor restrictions. Net Assets Without Donor Restrictions - Net assets that are not subject to donor-imposed restrictions and may be expended for any purpose in performing the primary objectives of the Foundation. These net assets may be used at the discretion of the Foundation's management and the Board of Directors. The Foundation mas chosen to provide further classification information about net assets without donor restrictions on the statements of financial position. The sub-classifications are as follows: Net Investment in Property and Equipment - Represents net assets invested in property and equipment, net of accumulated depreciation, and related debt. Undesignated - Represents cumulative net assets without donor restrictions excluding those net assets invested in property and equipment. Net Assets With Donor Restrictions - Net assets subject to stipulations imposed by the donors and grantors. Some donor restrictions are temporary in nature; those restrictions will be met by actions of the Foundation or by the passage of time. Other donor the funds be maintained in perpetuity. POINTS OF LIGHT FOUNDATION s POINTS OF LIGHT FOUNDATION STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED SEPTEMBER 30, 2022 The accompanying notes to the financial statements are an integral part of these statements. 6 POINTS OF LIGHT FOUNDATION STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED SEPTEMBER 30, 2021 The accompanying notes to the financial statements are an integral part of these statements. POINTS OF LIGHT FOUNDATION STATEMENTS OF CASH FLOWS YEARS ENDED SEPTEMBER 30, 2022 AND 2021 POINTS OF LIGHT FOUNDATION STATEMENTS OF CASH FLOWS YEARS ENDED SEPTEMBER 30, 2022 AND 2021 The accompanying notes to the financial statements are an integral part of these statements. POINTS OF LIGHT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 AND 2021 Note 1-Description of organization Points of Light Foundation (the "Foundation") organized on May 21, 1990, is a not-for-profit organization incorporated under the laws of the state of Delaware. The Foundation works to increase the number of volunteers throughout the world and the impact of the work they do. Funds for the Foundation's operations are raised primarily sponsorships, conference registration, software sales, sale of recognition items, and membership dues. The Foundation mobilizes millions of people through direct outreach, its 177 affiliates in 37 countries around the world, and partnerships with corporate, faith, and nonprofit organizations. The Foundation brings the power of volunteers to bear on a wide range of issues from hunger to veteran support and education to emergency preparedness. The Foundation works with companies to find innovative ways to engage their employees and customers in voluntee service; encourages companies to deploy their greatest resource - their employees' time and talents - to help solve pressing social problems. The Foundation also works to support youth by partnering with teachers, parents, schools, community organizations, and businesses. The Foundation manages signature events, programs, and projects for national days of service. The Foundation's annual conference is the world's largest gathering of volunteer service leaders, bringing together nonprofit, corporate, and government leaders each year to learn, exchange ideas, and develop volunteer-driven solutions to 21st century challenges. The Foundation recognizes the contributions of volunteers. The Daily Point of Light Award, established by President George H.W. Bush during his presidency, honors individuals and groups improving their communities. Another award, the President's Volunteer Service Award, encourages and recognizes citizens for their commitment to ongoing volunteer service and civic engagement. Note 2-Summary of significant accounting policies Basis of Accounting - The financial statements of the Foundation are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Basis of Presentation - The Foundation is required to report information regarding its financial position and activities according to two classes of net assets: net assets without donor restrictions and net assets with donor restrictions. Net Assets Without Donor Restrictions - Net assets that are not subject to donor-imposed restrictions and may be expended for any purpose in performing the primary objectives of the Foundation. These net assets may be used at the discretion of the Foundation's management and the Board of Directors. The Foundation mas chosen to provide further classification information about net assets without donor restrictions on the statements of financial position. The sub-classifications are as follows: Net Investment in Property and Equipment - Represents net assets invested in property and equipment, net of accumulated depreciation, and related debt. Undesignated - Represents cumulative net assets without donor restrictions excluding those net assets invested in property and equipment. Net Assets With Donor Restrictions - Net assets subject to stipulations imposed by the donors and grantors. Some donor restrictions are temporary in nature; those restrictions will be met by actions of the Foundation or by the passage of time. Other donor the funds be maintained in perpetuityStep by Step Solution
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