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 |