A nongovernment voluntary health and welfare organization received unrestricted cash donations of $23,000 for the current year, $30,000 of pledges to be received in and used for general purposes in the following year, and a $100,000 donation to establish a permanent investment endowment. The organization should report

Question

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The $23,000 unrestricted cash donation is reported as revenues without donor restrictions. The $30,000 pledges for the following year and the $100,000 endowment are reported as revenues with donor restrictions, totaling $130,000.

A Nongovernment Voluntary Health and Welfare Organization Received Unrestricted Cash