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Anyone with concern for or about an organization such as board members, trustees, subscribers, members, clients, staff, donors and former donors, foundations, corporations and volunteers.
STATEMENT OF ACTIVITIES
Summary of the revenue and expenses of an organization during an accounting period. Also known as income statement or profit and loss statement.
STATEMENT OF CASH FLOWS
Summary of the sources and uses of cash that reconciles cash at the beginning of the year with cash at the end of the year, organized into three categories: cash flows from operating activities, cash
A loan that is behind the claim of other lenders and repayable in liquidation only after other debts with a higher claim or priority have been satisfied. Loans can be subordinated by their terms or by
The excess of revenue over expenses during an accounting period. Surpluses can be measured before or after depreciation and non-operating activities. See deficit.
A document prepared by a surveyor or other qualified entity uniquely identifying the location and boundaries, including the legal description, of a real estate property. Usually required by the purcha
Interim space occupied during a construction/renovation project.
TEMPORARILY RESTRICTED CASH (CURRENT)
Revenue with time or purpose restrictions that are set to be satisfied within twelve months, releasing the unrestricted revenue to the organization within the year.
TEMPORARILY RESTRICTED CASH (NON-CURRENT)
Revenue that will not be released from time or purpose restrictions for organizational use for more than a year.
TEMPORARILY RESTRICTED NET ASSETS
Accumulated net assets with a donor-imposed time or purpose restriction that, once satisfied, become released.
The length of time that a loan is outstanding.
Any of several types of reports, including searches, commitments, and insurance policies, prepared by a title insurance company documenting the ownership history of a real estate property. A title com
TRIPLE NET LEASE
A lease in which the tenant pays, in addition to rent, its portion of the utilities, taxes, and insurance related to the operation of the property. If only one or two of these expense categories are t
UCC (UNIFORM COMMERCIAL CODE)
A set of standards for all U.S. states to follow for certain types of commercial transactions. A UCC filing, also known as a UCC-1 or a UCC-1a for the name of the form used for it or a financing state
Process used to analyze the financial condition of the organization and its project (where applicable) in conjunction with the terms and conditions of a loan and the ability of a loan applicant to mee