{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/205/958/#60-relationships","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"205","topic_title":"Presentation of Financial Statements","subtopic":"205-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Risks and Uncertainties","paragraphs":[{"citation":"205-958-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_2F956CD3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For disclosures about the principal services performed by a <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.\"><span>not-for-profit entity</span></a> (NFP) and the revenue sources for the entity's services, see paragraph <a href=\"/asc/275/10/#275-10-50-2\" class=\"xref\">275-10-50-2</a>. </span></span></div></div>","snippet":"For disclosures about the principal services performed by a not-for-profit entity (NFP) and the revenue sources for the entity's services, see paragraph 275-10-50-2.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ae3369265c08e6ec9d34b6634433e8882b6d538c539b67628bb9ba03dc0a368","downloaded_from":"2026-09-09T22:56:09.519Z","last_downloaded_at":"2026-09-09T22:56:09.519Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478408","source_sha256":"db520c7192101923ef1d7292ba8b9330dd322abb00576bd008f27fd4777f665f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c697b82949c0366db832645905a29547fc9ef66cb911aa6a3f3c87400a224c9c","downloaded_from":"2026-09-09T22:56:09.519Z","last_downloaded_at":"2026-09-09T22:56:09.519Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478408","source_sha256":"db520c7192101923ef1d7292ba8b9330dd322abb00576bd008f27fd4777f665f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4edf9dd43a8c2b097e693c716208d8b9048d3f32c7f847d56c243775c098cc22","downloaded_from":"2026-09-09T22:56:09.519Z","last_downloaded_at":"2026-09-09T22:56:09.519Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478408","source_sha256":"db520c7192101923ef1d7292ba8b9330dd322abb00576bd008f27fd4777f665f"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4edf9dd43a8c2b097e693c716208d8b9048d3f32c7f847d56c243775c098cc22","downloaded_from":"2026-09-09T22:56:09.519Z","last_downloaded_at":"2026-09-09T22:56:09.519Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478408","source_sha256":"db520c7192101923ef1d7292ba8b9330dd322abb00576bd008f27fd4777f665f"}}