Functional Expenses

Functional Expenses

The expenses a non-profit organization incurs in executing its programs, in addition to fundraising and management. Functional expenses are reported on the organization's Form 990 and are useful in ensuring that its income is reinvested in the organization and is not in fact profit.
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as of June 30 and the related statements of activities, functional expenses and cash flows for the year.
4 million as legal on the Statement of Functional Expenses in its most recent Form 990.
We have audited the accompanying combined financial statements of California Society of Certified Public Accountants (Society) and California Certified Public Accountants Education Foundation (Foundation), which comprise the combined statements of financial position as of April 30, 2014 and 2013, and the related combined statements of activities, functional expenses, and cash flows for the years then ended, and the related notes to the financial statements.
We have audited the accompanying financial statements of the Association for Career and Technical Education (ACTE) which comprise the statements of financial position as of June 30, 2013 and 2012, and the related statements of activities, functional expenses and cash flows for the years then ended, and the related notes to the financial statements.
Reporting only salaries as compensation expense: Reporting compensation of current officers, directors, trustees, and key employees on line 5 of Part IX, Statement of Functional Expenses, should include all forms of salary and benefits, including pension plan contributions, dental or medical insurance, and other employee benefits (whether or not taxable to the employee), not just wages.
of Yes Yes activities and changes in net assets Consolidated statement No Yes of functional expenses Consolidated statement No Yes of cash flows Financial position N/A Yes includes total assets, total liabilities, unrestricted net assets, temp.
0 million, gross margins to be in the range of 68 percent to 73 percent, and functional expenses, including sales and marketing, research and development, and general and administrative, to be in the range of $57.
Now many groups (38% compared to just 4%) include a statement of functional expenses as part of their financial statements.
We have studied the accompanying balance sheet of the National Multiple Sclerosis Society (National Headquarters) as of September 30, 1989, and the related statements of revenue and expenses and changes in fund balances and of functional expenses for the year then ended.
Since the January 2001 quarter when we began our expense reductions, functional expenses have been reduced by $2.
Based on REGULATE-PCI trial closing and data analysis charges incurred to date, Regado projects a cash balance of estimately $61 million at the end of the third quarter of 2014 with final trial closing costs and ongoing functional expenses impacting the projected cash balance for the end of 2014.
FUNCTIONAL EXPENSES--The costs of providing program services and supporting services have been summarized on a functional basis in the combined statements of activities and functional expenses.
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