The 501c3 organization Native American Connections Inc. serves to improve the quality of life for Native American communities by offering affordable housing and medical treatment. There form 990 and financial statements for the FYE June 30, 2022 show they had net assets with donor restrictions amounting to $10,242,700. Per Note 7 on the financial statements, their donor restricted net assets consist of COVID related donations, housing, and development donations. The COVID related net assets are released once the organization incurs qualifying expenses. The housing net assets have multiple release dates, but generally in the 2030 years. Lastly, the program development donations are released when qualified expenses are incurred.

It is interesting to note that the net assets with donor restrictions for the period ended June 30, 2022 increased compared to the prior year. This can be identified by looking at the comparative financial statements and also line 28 on Part X of the Form 990. The increase in donor restricted net assets for the period shows that Native American Connections received 5 contributions, 4 of which were released due to incurring qualified expenses.