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The National Institute for Vocational Education and Imam Malik College both are offering education on non-profit bases. They generate fund from donations and charity

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The National Institute for Vocational Education and Imam Malik College both are offering education on non-profit bases. They generate fund from donations and charity organizations plus rendering limited services and consultancy and charge small fees to cover basic expenditure. Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets, which are registered under the names of main donators. Statement of Activities for the Year Ended December 31, 2019 Imam Malik College The National Institute for Vocational Education Unrestricted Temporarily Unrestricted Temporarily Revenues Restricted Program service revenue 2,595,000 1,250,000 Contribution revenues 6,327,500 750,000 4,200,000 Grant revenue Net gains on endowment 96,000 17,500 investments Net assets released from restriction Satisfaction of program restrictions 450,000 Restricted 1,025,000 Total revenues (450,000) 377,000 (377,000) 9,390,000 396,000 5,827,000 648,000 Expenses Education program expenses 5,621,000 1,559,000 Research program expense 1,256,000 2,256,000 Total program service expenses 6,877,000 3,815,000 Fund-raising 456,000 356,000 Administration 650,000 1,229,000 Total supporting service expenses 1,106,000 1,585,000 Total expenses 7,983,000 5,400,000 Increase in net assets 1,407,000 396,000 427,000 648,000 Net assets January 1 4,208,000 759,000 1,037,500 320,000 Net assets December 31 5,615,000 1,155,000 1,464,500 968,000

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