Unrestricted Net Assets

Unrestricted Net Assets

Cash or other assets that are not needed to pay liabilities and are not earmarked for a specific purpose. The governing body of a company or organization may use unrestricted net assets for any purpose it wishes.
References in periodicals archive ?
Among stakeholders, there was confusion as to whether unrestricted net assets were truly available for the nonprofit to utilize as it deemed prudent and necessary.
ASU 2016-14 combines temporarily restricted and permanently restricted net assets into "net assets with donor restrictions" and renames unrestricted net assets as "net assets without donor restrictions" (see the chart, "Net Asset Presentation: Then and Now").
The ACLU 6 although its budget is only a third of the NRA's 6 had unrestricted net assets worth $140.2 million when 2017 came to a close, according to its tax form.
Increase in unrestricted net assets 864,320 727,742
Revenues are reported as increases in unrestricted net assets unless use of the related assets is limited by donor-imposed restrictions.
Due to implementation of GASB 68 pension accounting changes in fiscal 2015, unrestricted net assets have since been hampered by the recorded net pension liability.
At the end of June, UAMS' unrestricted net assets, which would be used to cover a deficit at the end of the fiscal year, were about $77 million.
Unrestricted net assets include net assets that are not subject to donor-imposed stipulations.
IS's year-over-year unrestricted net assets decreased $1.2 million and temporarily restricted net assets declined $632,000.
Table 1 Medical Library Association schedule of changes in net assets by fund year ended December 31, 2015 Net assets Contributions January 1, 2015 and other revenue Unrestricted net assets General operating $(175,700) $2,738,450 Loss on disposal of property -- -- and equipment Total general operating (175,700) 2,738,450 Other funds: Association stabilization 1,487,423 -- Capital equipment 2,228 -- Special purpose -- -- Sections 368,674 48,837 Total unrestricted net assets $1,858,325 $48,837 Temporarily restricted net assets Ysabel Bertolucci MLA Annual 946 -- Meeting Grant Endowment Estelle Brodman Award for the 40,927 -- Academic Medical Librarian of the Year Endowment Naomi C.
Revenue classified as "other operating revenue" and "unrestricted net assets" will also be used, according to Fitch.
Unrestricted net assets include those net assets whose use is not