A.31 ASC 958, Not-for-Profit Entities

50-2 For each period for which a statement of financial position is presented, an NFP shall disclose each of the following, in the aggregate, for all underwater endowment funds:

1. The fair value of the underwater endowment funds
2. The original endowment gift amount or level required to be maintained by donor stipulations or by law that extends donor restrictions
3. The amount of the deficiencies of the underwater endowment funds ((a) less (b)).

35-6 If a present value technique is used to measure the fair value of unconditional promises to give cash, subsequent accruals of the interest element pursuant to Section 835-30-35 shall be accounted for as contribution revenue by donees.

35-13 If the future fair value of the underlying noncash asset decreases, that decrease shall be reported as a decrease in contribution revenue in the period(s) in which the decrease occurs. The decrease shall be reported in the net asset class in which the contribution was originally reported or in the net asset class in which the net assets are represented. Thus, if a promise to give noncash assets is measured based on the fair value of those underlying noncash assets at the date of gift, as described in paragraph 958-605-30-8, an observed decrease in the current fair value of the underlying noncash asset shall be recognized. If the future fair value of the underlying noncash asset increases between the date the unconditional promise to give is recognized and the date the asset promised is received, no additional revenue shall be recognized.

50-2 The disclosure guidance in Section 321-10-50, except for paragraph 321-10-50-4, applies to investments in equity securities held by NFPs.

50-2 For each period for which a statement of financial position is presented, an NFP shall disclose all of the following:

1. The basis for determining the carrying amount for other investments
2. The method(s) and significant assumptions used to estimate the fair values of investments other than financial instruments if those other investments are reported at fair value . . . .

50-1 A not-for-profit entity (NFP) shall disclose the following accounting policies: . . .

50-6 An NFP that does not recognize and capitalize its collections or that capitalizes collections prospectively shall describe its collections, including their relative significance, and its stewardship policies for collections. If collection items not capitalized are deaccessed during the period, it also shall describe the items given away, damaged, destroyed, lost, or otherwise deaccessed during the period or disclose their fair value.

50-1 Paragraph superseded by Accounting Standards Update No. 2020-07.

50-1A A not-for-profit entity (NFP) shall disclose in the notes to financial statements a disaggregation of the amount of contributed nonfinancial assets recognized within the statement of activities by category that depicts the type of contributed nonfinancial assets. For each category of contributed nonfinancial assets, an NFP also shall disclose the following:

1. Qualitative information about whether contributed nonfinancial assets were either monetized or utilized during the reporting period. If utilized, a description of the programs or other activities in which those assets were used shall be disclosed.
2. The NFP’s policy (if any) about monetizing rather than utilizing contributed nonfinancial assets.
3. A description of any donor-imposed restrictions associated with the contributed nonfinancial assets.
4. A description of the valuation techniques and inputs used to arrive at a fair value measure in accordance with paragraph 820-10-50-2(bbb)(1), at initial recognition.
5. The principal market (or most advantageous market) used to arrive at a fair value measure if it is a market in which the recipient NFP is prohibited by a donor-imposed restriction from selling or using the contributed nonfinancial assets.

See paragraph 958-605-50-1B for additional disclosures for contributed services.

50-11 Instead of the information required by Section 805-30-50, an NFP acquirer shall disclose the following information for each acquisition that occurs during the reporting period: . . .