1. Statement of Financial Position You will use the data provided in the Trial Balance tab to complete this statement.
2. 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.
3. 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.
