Wiley Not-for-Profit GAAP 2019

9CONTRIBUTIONS, PLEDGES, NONCASH CONTRIBUTIONS, AND EXCHANGE TRANSACTIONS

• Perspective and Issues
• Concepts, Rules, and Examples
  • Expendable Current Support
    • Unrestricted contributions
    • Current restricted contributions
    • Investment securities
  • Gifts-in-Kind
  • Fixed assets (land, buildings, and equipment) and supplies
  • Museum collections
  • Fundraising and informational materials or advertising
  • Contributed services of volunteers
  • Use of facilities
  • Services provided by other organizations
  • Support Not Currently Expendable
    • Endowment gifts
    • Pledges (promises to give)
    • Bequests
  • Exchange Transactions
• Summary of Revenue Recognition Requirements under ASU 2014-09
  • Costs to Obtain or Fulfill a Contract with a Customer
  • Troubled Debt Restructurings—Creditors
• Appendix A Checklist
• Appendix B Checklist
• Appendix C Checklist
• Appendix D Checklist
• Appendix E Checklist
• Appendix F Checklist
• Appendix G Checklist
• Disclosure Requirements

PERSPECTIVE AND ISSUES

This chapter addresses the problems of recording and reporting the principal resource many not-for-profit organizations depend on—contributions. An organization can receive contributions with a wide range of restrictions attached. First these contributions must be recorded in the proper net asset classification; then they must be reported in such a way that the financial statement reader is fully aware of their receipt and any restrictions on them. In addition there has been, and continues to be, considerable controversy surrounding the timing of ...