2. Unrestricted Funds
• These funds are free from any external
restrictions and available for general use.
• Individual contributions given to the Annual
Fund or for Membership are unrestricted
• General operating and unrestricted grants-
although most foundations give to a specific
cause
3. Restricted Funds
• These funds have donor-imposed restrictions that
can be fulfilled in one of two ways – passage of a
defined period of time (time restriction) or by
performing defined activities (purpose
restriction).
• These funds most often come from a grant
received to operate a specific program or project
or individual contributions given with the intent
of supporting a particular program or campaign.
4. Temporarily Restricted
• These funds are restricted by the donor for a
designated purpose or time restriction that
will never expire. The intent is that the
principle balance of the contribution will
remain as an investment forever, and the
nonprofit will utilize the interest and
investment returns, such as with an
endowment.
5. The Balance Sheet...
• ….addresses all three funds
• ….presents a company's financial position at
the end of a specified date. A "snapshot" of
the company's financial position at a point (in
time.
6. The Statement of Activity
• The statement of activities is one of the main
financial statements of a nonprofit or not-for-
profit organization.
• A nonprofit’s statement of activities is issued
instead of the income statement which is
issued by a for-profit business.
• WE only cover UNRESTRICTED FUNDS in the
Statement of Activity
8. Specifically in three areas
• Operating Budget (Unrestricted) for FY14
shows a deficit
• Line of Credit balance is too large
• Challenge grants that need to be met
10. What happens if…
• …we raise an additional $50,000 in
unrestricted funds this year?
We have a balanced budget!
• ….we do not raise the additional for $50,000
or fall short of revenue goals?
-We have to borrow from the Line of
Credit
11. What is in the FY14 Budget?
Admissions
(inc. school
groups)
35%
Grants and
Grant Recovery
10%
Inv. Inc. Desig.
F/Operations
10%
Interest
Income
0%
Annual Fund
30%
Fundraising
Events
3%
Facilities Rental
2%
Apartment
Rentals
(NET)
4%
President's
Shop (NET)
6%
REVENUE