Financial Report for nonprofit organization

The fiscal year-end financial report will generally include:

1.   A Statement of Net Assets: Which is the Balance Sheet of for-profit entities. Sometimes it is informally referred to as a Statement of Financial Position.

2.   A Statement of Activities: Which is the Income Statement of for-profit entities. It generally is a financial summary of mission accomplishment for the fiscal year.

3.   A Statement of Cash Flows: It sounds like the for-profit businesses. However, it has its own terminologies or definitions of resources and usage of cash.

4.   A  Schedule of Expenses by Function: Functions are described as Program, Administration & Fundraising.

5.   Notes to the Financial Statements: Additional notes and information added to the end of the financial statements to supplement the reader with more information.