Financial Statement must be:
- One page in length
- Include the period covered by your organization’s most recently completed fiscal year
- Have a beginning balance and an itemized list of income and expenses (do NOT include in-kind donations)
- Have an ending balance
- Have an explanation of the method of accounting used. You may use the financial statement from an externally conducted audit if it contains this information. Do not submit profit andloss statements, check ledgers, or assets and liabilities statement.
NOTE: Your categories and entries may be different.
Example for Arts Organizations:
Example for Non-Arts Organizations:
Note to government entities (such as cities/counties, libraries, parks & recreation departments, educational institutions, etc.):
You MUST submit a financial statement showing your arts activities in your most recently completed fiscal year. Use this example as a guide to show your arts activities broken out from your organization’s overall budget. Your categories and entries may be different from those printed here.