Question: A donor irrevocably gave $ 1 0 0 , 0 0 0 cash to be held in trust by Heather's Hope and invested. The donor
A donor irrevocably gave $ cash to be held in trust by Heather's Hope and invested. The donor was to receive all revenue generated by the investments during her lifetime. Upon her death, the entire bequest may be spent at the discretion of the NFPs governing board. The investments earned $ of interest during the year, and this amount was paid to the donor.
Heather's Hope was given a delivery van with an estinnated remaining useful life of years and a salvage value of $ On the date of the gift, the donor's basis in the van was $ and the fair value was $ The van will be used onethird of the time for administrative tasks and the rest of the time for missionrelated tasks.
During the year, $; of net assets was released from restrictions.
The charity received cash of $ in response to a general solicitation to the public. In addition, Charity Champ, a national coordinating group for NFPs gave Heather's Hope $ to be used for local need surveys over a year period beginning next year.
Heather's Hope spent $ providing services to hospitalized children, $ on fundraising, and $ on administrative costs.
Complete the statement of activities for Heather's Hope for the year just ended. Enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. If no entry is necessary, enter a zero
tableLine item,Amounttable Operating revenues net assets withoutdonor restrictionstable Operating revenues net assets withdonor restrictionstable Operating revenues from the splitinterestagreement if it is revocable Operating expenses program services, Operating expenses supporting activities,
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