1: Company A receives various cash contributions, pledges, and in-kind contributions. The following table presents these contributions:
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1:
Company A receives various cash contributions, pledges, and in-kind contributions. The following table presents these contributions:
Contribution Type: | Without donor restrictions | With donor restrictions |
Cash | $4,165,977.50 | $650,000.00 |
Pledges receivable | 0.00 | 694,786.25 |
In-kind contributions | 122,641.25 | 0.00 |
Total | $4,983,405.00 | $1,344.786.25 |
The in-kind contributions represent donations of services by licensed professionals. These services would have otherwise been purchased and should therefore result in an expense for professional services related to Management and General activities of the organization.
Question 2:
Company A has an unrealized gain of $866,673.75 on its main operating investment account, not the one associated with an endowment.
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