Statement of Financial Position Explained: Nonprofit Balance Sheet & Net Assets - Chazin скачать в хорошем качестве

Statement of Financial Position Explained: Nonprofit Balance Sheet & Net Assets - Chazin

Welcome to the final video in our 5-part series! The Statement of Financial Position is the nonprofit version of a balance sheet—and understanding it is crucial for knowing how much cash you can actually spend. Learn the key differences from for-profit balance sheets and how to read your net assets. TIMESTAMPS: 0:00 - Introduction to Part 5 (Final Video!) 0:13 - What is the Statement of Financial Position? 0:29 - Two Primary Financial Statements Recap 0:56 - The LeBron James Career Analogy 2:35 - Why Most Organizations Don't Budget for the Balance Sheet 2:46 - Balance Sheet Example Walkthrough 2:58 - Net Assets vs. Equity: Key Difference #1 3:08 - With vs. Without Donor Restrictions: Key Difference #2 3:37 - Net Assets = Nonprofit Version of Retained Earnings 4:04 - Understanding Donor Restrictions on the Balance Sheet 4:23 - Permanently vs. Temporarily Restricted Funds 4:48 - Time Restrictions Explained (Multi-Year Gift Example) 5:37 - Best Practice: Spend Restricted Money First 6:02 - NEVER Spend Restricted Money on Operating Expenses 6:12 - How to Calculate Your Unrestricted Cash Available 7:28 - Series Wrap-Up & Resources WHAT YOU'LL LEARN: How the Statement of Financial Position differs from a for-profit balance sheet Why "Net Assets" replaces "Equity" in nonprofit accounting The difference between permanently and temporarily restricted funds How time restrictions work (multi-year gift example) How to calculate exactly how much unrestricted cash you have available The critical rule: NEVER use restricted funds for operating expenses Why understanding your balance sheet is essential for financial health 📚 COMPLETE SERIES: ✅ Part 1 - Why Your Nonprofit Should Budget ✅ Part 2 - Fiduciary Responsibility ✅ Part 3 - How to Budget ✅ Part 4 - Statement of Activities (P&L) ✅ Part 5 - Statement of Financial Position (Balance Sheet) ← YOU ARE HERE 🔔 SUBSCRIBE for more nonprofit financial management content! ABOUT THIS SERIES: This is Part 5 (FINAL) of our 5-part series on Not-for-Profit Financial Statements with Jackie McLaughlin from Chazin. NEED HELP WITH YOUR NONPROFIT FINANCES? Chazin provides outsourced accounting services for nonprofit organizations. 🌐 Visit: https://hubs.la/Q03YDG7W0 for more videos, white papers, and blogs #StatementOfFinancialPosition #NonprofitBalanceSheet #NetAssets #RestrictedFunds #NonprofitAccounting #NonprofitFinance #FinancialPosition #501c3 #NonprofitManagement #CharityFinance #UnrestrictedCash #DonorRestrictions