Prepare Helping Hands' Statement of Activities for the fiscal year ended June 30, 2014.
The following information was taken from the accounts and records of the Helping Hands
Foundation, a private, not-for-profit organization classified as a VHWO. All balances are as of
June 30, 2014, unless otherwise noted.
Unrestricted Support - Contributions $2,000,000
Unrestricted Support - Membership Dues 640,000
Unrestricted Revenues - Investment Income 80,000
Temporarily restricted gain on sale of investments 25,000
Expenses - Program Services 1,860,000
Expenses - Supporting Services 350,000
Expenses - Supporting Services 550,000
Temporarily Restricted Support - Contributions 640,000
Temporarily Restricted Revenues - Investment Income 60,000
Permanently Restricted Support - Contributions 100,000
Unrestricted Net Assets, July 1, 2013 450,000
Temporarily Restricted Net Assets, July 1, 2013 2,100,000
Permanently Restricted Net Assets, July 1, 2013 60,000
The unrestricted support from contributions was received in cash during the year. The expenses
included $1,350,000 paid from temporarily-restricted cash donations.
Required:
Prepare Helping Hands' Statement of Activities for the fiscal year ended June 30, 2014.
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