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write 100 words for an answer. What is meant by the reference in Table 5.3-1 to an FAS 116 adjustment? Table 5.3-1: Financial Comparisons of

write 100 words for an answer.

What is meant by the reference in Table 5.3-1 to an FAS 116 adjustment?

Table 5.3-1: Financial Comparisons of the Not-for-Profit Entities

Fiscal Year Ended 1999

St. Jude Childrens Research Hospital Form 990*

American Lebanese Syrian Associated Charities, Inc. (ALSAC) Form 990*

Contributions, gifts, grants and similar amounts received: Direct public support

$91,978,426

$231,793,748

Indirect public support

2,906,934

Government contributions (grants)

31,469,447

Program service revenue, including government fees and contracts (i.e., health insurance revenue)

46,034,710

Accounts receivable

24,217,029

4,230,764

Pledges receivable

23,604,748

Allowance for doubtful accounts

9,363,328

Program service expenses

99,282,906

Program service expenses: Research

87,225,830

Program service expenses: Education and training

5,471,186

Program service expenses: Medical Services

93,735,602

Reconciliation of revenue, gains, and other support to audited numbers: net unrealized gains on investments

4,023,815

65,891,269

Deferred grant revenue

1,857,628 (Statement 5)

Support from American Lebanese Syrian Associated Charities, Inc.

91,978,426 (Statement 7)

91,978,426 (paid per Statements 4, 6)

Excluded contributions

2,746,295 (Statement 1)

Excess or (deficit) for the year

10,933,191

120,521,982

Net assets or fund balances at end of year

199,707,440

994,501,910

Temporarily restricted

15,715,890

Permanently restricted

14,000,000

247,147,826

Total liabilities

21,956,792

7,017,192

Schedule of deferred debits & credits by contract (FAS 116 adjustment noted to result in this deferred revenue)

157,628

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