Page 28 - NCCAA Finance Board Accountability
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Net Assets are the difference between total assets and total
Statement liabilities. It represents the portion of the assets that the
organization owns (not allocated for a liability).
of It is the amount of money that would be left over if all of the
organization's debts were paid off. Think of net assets as the
organization's equity or value.
Financial Net assets fall into two categories: without restrictions and with
restrictions
Position Restrictions on net assets are created by the donor.
Net assets will increase or decrease based upon the
results of the operations as reflected on the statement of
(Balance activities.
Sheet)
