Statement of Cash Flows
In addition to the information provided from the Trial Balance tab and the information you have the prepared in the Statement of Financial Position and Statement of Activities, use the following information to prepare the Statement of Cash Flows.
a. Your organization had $163,314 of cash on hand at the beginning of the year.
b. During the year, your organization received cash from contributors: $340,800 that was
unrestricted and $38,100 that was restricted for the purchase of equipment for the
center.
c. It had $11,200 of income earned and received on long-term investments.
d. The organization spent cash of $288,410 on salaries and fringe benefits, $22,000 on the
purchase of equipment, and $86,504 for operating expenses.
e. Other pertinent information follows: net pledges receivable increased $6,000, inventory
increased $1,000, accounts payable decreased $102,594, and there were no salaries payable at the beginning of the year.
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.
Your Non-Profits Name Trial Balance as of 12/31/18 Debit Credit $156,500 41,000 Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges $4,100 2,800 178,000 210,000 Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment 120,000 Accounts Payable 20,520 196,500 Net Assets Without Donor Restrictions Net Assets With Donor Restrictions-Programs 50,500 Net Assets With Donor Restrictions-Permanent Endowment 140,000 Contributions-Without Donor Restrictions 378,820 Contributions-With Donor Restrictions-Programs 38,100 Investment Income-Without Donor Restrictions 11,200 30,000 4,190 32,000 288,410 5,940 4,500 6,400 $959,740 $959,740 Depreciation Expense Printing and Publishing Expense Rent and Utility Expense Salaries and Fringe Benefit Expense Supplies Expense Telephone and Postage Expense Utilities Expense Totals Figures and data adapted from Reck, Accounting for Governmental & Nonprofit Entities, 18e Your Non-Profits Name Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Cash Received from Contributors Cash Received as Investment Income Cash Paid to Employees Cash Paid for Operating Expenses $0 Net Cash Used for Operating Activities Cash Flows from Investing Activities: Purchase of Furniture and Equipment Cash Flows from Financing Activities: Proceeds from Contributions Restricted for: Investment in Capital Assets Net Increase(Decrease) in Cash Cash, December 31, 2017 $0 Cash, December 31, 2018 Reconciliation of Changes in Net Assets to Net Cash Used for Operating $0 Change in Net Assets Adjustments to Reconcile Changes in Net Assets to Net Cash Provided by Depreciation Increase in Net Pledges Receivable Increase in Inventory Decrease in Accounts Payable $0 Net Cash Used for Operating Activities Your Non-Profits Name Statement of Financial Position December 31, 2018 Assets Cash Pledges Receivable Inventory Investments Furniture and Equipment $0.00 Total Assets Liabilities Accounts Payable Total Liabilities $0.00 Net Assets Without Donor Restrictions With Donor Restrictions-Programs With Donor Restrictions-Permanent Endowment $0.00 Total Net Assets $0.00 Total Liabilities and Net Assets You Non-Profits Name Statement of Activities Year Ended December 31, 2018 Without Donor With Donor Total Restrictions Restrictions Revenues, Gains, and Other Support: Contributions $0 Investment Income Total Revenues, Gains, and Other Support $0 $0 $0 Expenses and Losses: Program Services: Program 1 Program 2 Program 3 Total Program Expenses $0 $0 $0 Support Expenses: Management and General Fund-Raising Total Support Expenses $0 $0 $0 Total Expenses and Losses 0 0 0 $0 $0 Change in Net Assets $0 Net Assets, December 31, 2017 Net Assets, December 31, 2018 $0 $0 $0 OO Your Non-Profits Name Trial Balance as of 12/31/18 Debit Credit $156,500 41,000 Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges $4,100 2,800 178,000 210,000 Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment 120,000 Accounts Payable 20,520 196,500 Net Assets Without Donor Restrictions Net Assets With Donor Restrictions-Programs 50,500 Net Assets With Donor Restrictions-Permanent Endowment 140,000 Contributions-Without Donor Restrictions 378,820 Contributions-With Donor Restrictions-Programs 38,100 Investment Income-Without Donor Restrictions 11,200 30,000 4,190 32,000 288,410 5,940 4,500 6,400 $959,740 $959,740 Depreciation Expense Printing and Publishing Expense Rent and Utility Expense Salaries and Fringe Benefit Expense Supplies Expense Telephone and Postage Expense Utilities Expense Totals Figures and data adapted from Reck, Accounting for Governmental & Nonprofit Entities, 18e Your Non-Profits Name Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Cash Received from Contributors Cash Received as Investment Income Cash Paid to Employees Cash Paid for Operating Expenses $0 Net Cash Used for Operating Activities Cash Flows from Investing Activities: Purchase of Furniture and Equipment Cash Flows from Financing Activities: Proceeds from Contributions Restricted for: Investment in Capital Assets Net Increase(Decrease) in Cash Cash, December 31, 2017 $0 Cash, December 31, 2018 Reconciliation of Changes in Net Assets to Net Cash Used for Operating $0 Change in Net Assets Adjustments to Reconcile Changes in Net Assets to Net Cash Provided by Depreciation Increase in Net Pledges Receivable Increase in Inventory Decrease in Accounts Payable $0 Net Cash Used for Operating Activities Your Non-Profits Name Statement of Financial Position December 31, 2018 Assets Cash Pledges Receivable Inventory Investments Furniture and Equipment $0.00 Total Assets Liabilities Accounts Payable Total Liabilities $0.00 Net Assets Without Donor Restrictions With Donor Restrictions-Programs With Donor Restrictions-Permanent Endowment $0.00 Total Net Assets $0.00 Total Liabilities and Net Assets You Non-Profits Name Statement of Activities Year Ended December 31, 2018 Without Donor With Donor Total Restrictions Restrictions Revenues, Gains, and Other Support: Contributions $0 Investment Income Total Revenues, Gains, and Other Support $0 $0 $0 Expenses and Losses: Program Services: Program 1 Program 2 Program 3 Total Program Expenses $0 $0 $0 Support Expenses: Management and General Fund-Raising Total Support Expenses $0 $0 $0 Total Expenses and Losses 0 0 0 $0 $0 Change in Net Assets $0 Net Assets, December 31, 2017 Net Assets, December 31, 2018 $0 $0 $0 OO
