Question
Statement of Activities In addition to the information provided from the Trial Balance tab, use the following information about your nonprofit to prepare the Statement
Statement of Activities In addition to the information provided from the Trial Balance tab, use the following information about your nonprofit to prepare the Statement of Activities. a. Salaries and Fringe Benefit Expenses were allocated to Program Services and Supporting Expenses in the following percentages: i. Program 1: 40% ii. Program 2: 20% iii. Program 3: 10% iv. Management and General: 20% v. Fund-Raising: 10% b. Rent and Utility, Supplies, Printing and Publishing, and Telephone and Postage Expenses were allocated in the same manner as Salaries and Fringe Benefit Expenses. c. Depreciation Expense was divided equally to each functional expense category.
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 |
Expenses and Losses: | |||
Program Services: | |||
Program 1 | 0 | ||
Program 2 | 0 | ||
Program 3 | 0 | ||
Total Program Expenses | $0 | $0 | $0 |
Support Expenses: | |||
Management and General | 0 | ||
Fund-Raising | 0 | ||
Total Support Expenses | $0 | $0 | $0 |
Total Expenses and Losses | 0 | 0 | 0 |
Change in Net Assets | $0 | $0 | $0 |
Net Assets, December 31, 2017 | 0 | ||
Net Assets, December 31, 2018 | $0 | $0 | $0 |
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