Financial statement of activities—year ended May 31, 2018

	Unrestricted	Temporarily Restricted	Total
Revenues and Other Support
Contributions	$ 16,506	$ —	$ 16,506
Fundraising activities	—	47,235	47,235
Investment income, net	170,735	2,801	173,536
Other income (Refund of prior years scholarship	—	2,000	2,000
Net assets released from restrictions:
Satisfaction of program restrictions	78,245	(78,245)	—
Total	265,486	(26,209)	239,277
Expenses
Program services	111,968	—	111,968
Fundraising	28,045	—	28,045
Management and general	8,033	—	8,033
Total	148,046	—	148,046
Increase (decrease) in net assets before transfer	117,440	(26,209)	91,231
Transfer to temporarily restricted	(23,000)	23,000	—
Increase (decrease) in net assets	94,440	(3,209)	91,231
Net assets—June 1	1,726,507	20,046	1,746,533
Net assets—May 31	$ 1,820,947	$ 16,837	$ 1,837,784