Statement of activities—Nongovernmental not for profit organization
The following information was taken from the accounts and records of the Community Society, a nongovernmental not for profit organization. The balances are as of December 31, 2011, unless otherwise stated:
|
Unrestricted support—contributions |
$3,000,000 |
|
Unrestricted support—membership dues |
400,000 |
|
Unrestricted revenues—investment income |
83,000 |
|
Temporarily restricted gain on sale of investments |
5,000 |
|
Expenses—education |
300,000 |
|
Expenses—research |
2,300,000 |
|
Expenses—fund raising |
223,000 |
|
Expenses—management and general |
117,000 |
|
Restricted support—contributions |
438,000 |
|
Restricted revenues—investment income |
22,500 |
|
Permanently restricted support—contributions |
37,000 |
|
Unrestricted net assets, January 1, 2011 |
435,000 |
|
Temporarily restricted net assets, January 1, 2011 |
5,000,000 |
|
Permanently restricted net assets, January 1, 2011 |
40,000 |
The unrestricted support from contributions was all received in cash during the year. Additionally, the society received pledges totaling $425,000. The pledges should be collected during 2012, except for the estimated uncollectible portion of $16,000. The society spent $3,789,000 of restricted resources on construction of a major capital facility during 2011, and $500,000 of research expenses were for research financed from restricted donations.
REQUIRED: Prepare the statement of activities for the Community Society for 2011.