Wiley Not-for-Profit GAAP 2020

9CONTRIBUTIONS, PLEDGES, NONCASH CONTRIBUTIONS, AND EXCHANGE TRANSACTIONS

• Perspective and Issues
• Concepts, Rules, and Examples
  • Expendable Current Support
    • Contributions without donor restrictions
    • Time- and purpose-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
• Disclosure Requirements
• 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. It also covers revenue recognition for government grants as well as exchange transactions, particularly revenue contracts with customers.

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 ...