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 ?
As reflected in the accompanying financial statements and discussed in the notes, the Council has designated a portion of the unrestricted net assets for specific purposes.
Additionally, changes in endowment laws together with the existing framework for reporting restricted and unrestricted net assets, and the lack of required information about the liquidity of an organization, have contributed to the confusion in determining whether an NFP is in sound or poor financial condition.
762,453 Total Life Membership Assets $ 65,139,190 Unrestricted Liabilities Current Liabilities $ 132,637,845 Total Liabilities 132,637,845 Unrestricted Net Assets General and Net Assets Designated by the Board of Directors $292,898,577 Total Unrestricted Net Assets 292.
GAAP), the organization is required to report information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets.
Unrestricted Net Assets are available as follows at July 31, 2011: $3,854,542
4 million in unrestricted net assets at the end of 2009, compared with $2.
0 lower value is preferable Debt to (Outstanding Debt) / (Outstanding 60% lower value capitalization Debt + Unrestricted Net Assets + is (%) Temporary Restricted Net Assets) preferable 1.
Since the accounts were established before any accounting standard addressed the concept of donor restrictions, and since no documentation on the purpose of the accounts can be found, it may be assumed that the accounts represent unrestricted net assets.
Support that is restricted by the donor is reported as an increase in unrestricted net assets if the restriction expires in the reporting period in which the support is recognized.
But among other nonprofits, it's more a focus on building unrestricted net assets and designating them.
Financial statement presentation: The Association is required to report information regarding its financial position and activities in three classes of net assets: unrestricted net assets which have no donor-imposed restrictions, temporarily restricted net assets which have donor-imposed restrictions that will expire in the future, and permanently restricted net assets which have donor-imposed restrictions which do not expire.
At the last sale of bonds in November 2004, the university's estimated debt was $745 million compared with a much lower base of unrestricted net assets of $102 million at June 30, 2004.