Page 51 - NCCAA Finance Board Accountability

Teresa's Nonprofit
Statement of Activities (Income Statement)
As of December 31, 2025 and 2024
2025
Urnestricted Revenues
Foundation Grants 148,000
Released Temp Restricted Funds 27,000
Federal Grants 90,000
Donations 42,000
Financial
Investments 1,600
Fundraisings 67,000
Total Unrestricted Revenues 375,600
Expenses
Salaries 125,000
Benefits 25,000 Reports
Equipment 16,000
IT Equipment 89,000
Mortgage 5,200
Phones & Internet 27,500 for Ratio
Total Unrestricted Expenses 287,700
Increases / Decreases in Unrestricted Net Assets 87,900

Changes in Temp Restricted Net Assets Calculations
Foundation Grants 6,200
Donations 16,000
Assets Released from Restrictions (27,000)

Increases / Decreases Temp Rescricted Net Assets (4,800)
Changes in Perm Restricted Net Assets
Donations 16,000
Increases / Decreases Perm Resctricted Net Assets 16,000
Increase in Net Assets 99,100
Net Assets, at Beginning of the Year 62,800
Net Assets, at End of the Year 161,900