Form 990 Tutorial, page 3
IV. Balance sheets—shows an organization's assets and liabilities. Assets are the economic resources an organization has at its disposal. Liabilities are the outstanding claims against those assets. An organization cannot survive long if its assets do not exceed its liabilities; see line 73 for the amount by which assets exceed or are less than liabilities.
48a. Pledges receivable—along with line 49, provides insight into the amount of income that was reported on line 1d but was not available for spending during the year.
49. Grants receivable—along with line 48a, provides insight into the amount of income that was reported on line 1d but was not available for spending during the year.
67. Unrestricted assets—assets currently available for an organization to fulfill its tax-exempt purpose. Note that they are not necessarily liquid assets (i.e., cash and assets easily turned into cash). For example, land, buildings, and equipment bought with unrestricted funds fall into this category.
68. Temporarily restricted assets—assets for use only for specific purposes or at a specific time indicated by the donor or as part of an implicit promise by the organization. For example, if a donor sends an organization money solicited to help the victims of a particular natural disaster, then the organization is expected to spend the money in that manner unless the donor is informed otherwise.
69. Permanently restricted assets—assets with donor-imposed restrictions that do not expire. For example, a donor might make a contribution with the stipulation that investment proceedings from the contribution may be spent, but not the principal.
73. Total net assets or fund balances—the amount by which assets exceed
(or are less than) liabilities.
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