Nonprofit Accounting Overview

• Nonprofit accounting

• Social accounting

Nonprofit Financial Statements

• Statement of activities

• Statement of functional expenses

Financial Statement Line Items

• Change in net assets

• Fundraising expenses

• Net assets

• Net assets released from restrictions

• Permanently restricted net assets

• Program expenses

• Program services

• Supporting activities

• Supporting services expenses

• Temporarily restricted net assets

• Unrestricted net assets

Donations

• Conditional promise to give

• Donor-imposed condition

• Donor-imposed restriction

• Fundraising best practices

• Pass-through contribution

• Permanent endowment

• Promise to give

• Unrestricted contribution

Related Definitions

• Benevolence fund

• Joint activity

• Temporary restriction

• Variance power