Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of
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Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts. (Include zero amounts.)
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CENTERVILLE AREA HOMELESS SHELTER Statement of Activities For the Year Ended December 31, 2020 Net Assets with Donor Restrictions Net Assets without Total Donor Restrictions Revenues $1,560,810 Contribution revenues Net assets released from restriction (22,000) 1.560,810 Total Revenues Expenses Temporary shelter program Self-sufficiency program 1,012,600 353,000 7,000 Fund-raising Administration 78,900 Total Expenses Increase in net assets Net assets January 1 24,310 13,850 1,451,500 109,310 85.000 18,000 31,850 Net assets December 31 $103,000 $ 38,160 $ 141,160
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
ISBN: 9781260570175
14th Edition
Authors: Paul Copley
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