CPA Far Quiz
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FINANCIAL REPORTING
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Harmony Community Foundation, a not-for-profit organization, received the following contributions during 2024:
- $50,000 cash contribution with no restrictions
- $75,000 pledge payable in 2025, restricted for building improvements
- $25,000 contribution restricted for a specific program, with funds to be used in 2025
- $40,000 contribution of securities, donor specified funds must be held permanently with only investment income spendable
- $15,000 conditional pledge dependent on the foundation raising matching funds by December 31, 2025
What amount should Harmony report as contributions with donor restrictions in its 2024 statement of activities?
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