Скачать или смотреть Statement of Financial Position Explained: Nonprofit Balance Sheet & Net Assets

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

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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.

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