# ASC 210-958: Balance Sheet — Not-for-Profit Entities Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/210/958/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:02:23.603Z to 2026-09-09T23:02:44.054Z Record version: sha256:fba8d495fcc0b8cc22573656190f2d808bf2e85b8c5d9b2f60e7a87cb2820759 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958: Balance Sheet — Not-for-Profit Entities ### Machine-generated study aids ```json { "summary": "This subtopic governs the not-for-profit statement of financial position (the NFP equivalent of a balance sheet). At a minimum the statement must report totals for assets, liabilities, net assets, net assets with donor restrictions, and net assets without donor restrictions, focusing on the entity as a whole (958-210-45-1). It also requires liquidity-related presentation and disclosure, including qualitative information about how the NFP manages liquid resources and quantitative information about financial assets available for general expenditures within one year (958-210-50-1A).", "key_points": [ "A statement of financial position must focus on the NFP as a whole and report total assets, total liabilities, total net assets, total net assets with donor restrictions, and total net assets without donor restrictions (958-210-45-1).", "Interfund receivables and payables are not entity assets or liabilities; if displayed, they must be labeled and arranged so their amounts are eliminated from total assets and liabilities (958-210-45-2); no particular statement format is required or precluded (958-210-45-3).", "Assets and liabilities generally should be aggregated into reasonably homogeneous groups reflecting donor-imposed and other contractual restrictions to convey liquidity and financial flexibility (958-210-45-4 through 45-5).", "Restrictions generally apply to net assets rather than specific assets, so assets need not be disaggregated by restriction; however, cash or other assets received with donor restrictions limiting use to long-term purposes may not be classified with unrestricted assets available for current use (958-210-45-6).", "Limitations on cash and cash equivalents, contractual limitations on particular assets, and quantitative information on availability of financial assets for general expenditures within one year must appear on the face of the statement or in the notes (958-210-45-7).", "Additional liquidity information may be provided by sequencing assets/liabilities by nearness to cash or maturity, using a classified current/noncurrent format, or note disclosure (958-210-45-8); health care NFPs must use a classified format under 954-210-45-1.", "An NFP must disclose qualitative information on how it manages liquid resources for general expenditures within one year and quantitative information on availability of financial assets, considering nature, external donor/law/contract limits, and internal board limits (958-210-50-1A); board designations, including board-designated endowment funds, must be disclosed as to amounts and purposes (958-210-45-11)." ], "categories": [ "Presentation", "Disclosure", "Not-for-profit", "Financial statement presentation" ], "audience_level": "intermediate", "student_note": "Exam questions turn on the two-class net asset model (with/without donor restrictions, after ASU 2016-14 eliminated the old three-class temporarily/permanently restricted split) and the required liquidity/availability disclosures. A common misunderstanding is thinking donor restrictions attach to specific assets — they attach to net assets, though long-term-purpose restricted cash still cannot be lumped with cash available for current use.", "related_topics": [ "958-205", "958-210", "210-10", "954-210", "958-450", "958-10" ], "key_concepts": [ "statement of financial position", "net assets with donor restrictions", "net assets without donor restrictions", "liquidity and availability disclosure", "board-designated endowment", "donor-imposed restrictions", "interfund items", "classified balance sheet" ] } ``` Source downloaded (UTC): 2026-09-09T23:02:23.603Z to 2026-09-09T23:02:23.603Z Record version: sha256:89fffd4e9ee273783bbc3e9dedc99ad746ef1f9ea185979e65a3179dafa1e455 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/210/958/#00-status) SEC content: no ##### [210-958-00-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:23.603Z to 2026-09-09T23:02:23.603Z Record version: sha256:fa11f3a76829329135357f03df8ddc54bc1f983fbce32645c964d68bdff2f49d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Board-Designated Endowment FundAmendedAccounting Standards Update No. 2016-1408/18/2016
Board-Designated Net AssetsAddedAccounting Standards Update No. 2016-1408/18/2016
Designated Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Designated Net AssetsAddedAccounting Standards Update No. 2014-0603/14/2014
Donor-Imposed RestrictionAmendedAccounting Standards Update No. 2016-1408/18/2016
Donor-Restricted Endowment FundAddedAccounting Standards Update No. 2016-1408/18/2016
Endowment FundAmendedAccounting Standards Update No. 2016-1408/18/2016
Funds Functioning as EndowmentAddedAccounting Standards Update No. 2016-1408/18/2016
Net AssetsAddedAccounting Standards Update No. 2016-1408/18/2016
Net Assets with Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Net Assets without Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Permanent EndowmentSupersededAccounting Standards Update No. 2016-1408/18/2016
Permanently Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Temporarily Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Temporary RestrictionSupersededAccounting Standards Update No. 2016-1408/18/2016
Term EndowmentAddedAccounting Standards Update No. 2016-1408/18/2016
Unrestricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
958-210-45-1AmendedAccounting Standards Update No. 2016-1408/18/2016
958-210-45-4AmendedAccounting Standards Update No. 2016-1408/18/2016
958-210-45-5AAddedAccounting Standards Update No. 2016-1408/18/2016
958-210-45-6 through 45-11
AmendedAccounting Standards Update No. 2016-1408/18/2016
958-210-45-7AmendedMaintenance Update 2020-18 (PDF)11/25/2020
958-210-45-8AmendedMaintenance Update 2020-18 (PDF)11/25/2020
958-210-45-8AmendedAccounting Standards Update No. 2012-0410/01/2012
958-210-45-11AmendedAccounting Standards Update No. 2014-0603/14/2014
958-210-45-12SupersededAccounting Standards Update No. 2016-1408/18/2016
958-210-45-12AddedAccounting Standards Update No. 2016-0101/05/2016
958-210-50-1 through 50-3
AmendedAccounting Standards Update No. 2016-1408/18/2016
958-210-50-1AAddedAccounting Standards Update No. 2016-1408/18/2016
958-210-55-2 through 55-4
AmendedAccounting Standards Update No. 2016-1408/18/2016
958-210-55-5 through 55-8
AddedAccounting Standards Update No. 2016-1408/18/2016
Source downloaded (UTC): 2026-09-09T23:02:26.497Z to 2026-09-09T23:02:26.497Z Record version: sha256:b9b80c00110e27bc58667e6d8bd800c2eb6ff8fa6231d3c1a3c5b039308c5e2a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/210/958/#05-overview-and-background) SEC content: no ##### [210-958-05-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:26.497Z to 2026-09-09T23:02:26.497Z Record version: sha256:cad5cc473b45fb38a2bc05dde05523fc0c186e1f207392a2d8fb235aa50772e3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance addressing the statement of financial position for [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "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.") (NFPs). A statement of financial position is the financial statement of an NFP that corresponds to the balance sheet of a business entity. ##### [210-958-05-2](https://asc.understandingaccounting.org/asc/210/958/#210-958-05-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:26.497Z to 2026-09-09T23:02:26.497Z Record version: sha256:8f16707d1b114b8333f9b2c6aadf5482735f6b5c5ce15e7a2c95d836de5c55e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The primary purpose of a statement of financial position is to provide relevant information about an NFP's assets, liabilities, and net assets and about their relationships to each other at a moment in time. The information provided in a statement of financial position, used with related disclosures and information in other financial statements, helps donors, members, creditors, and others to assess the following: 1. a The NFP's ability to continue to provide services 2. b The NFP's [liquidity](https://asc.understandingaccounting.org/glossary/l/#liquidity "An asset's or liability's nearness to cash. Donor-imposed restrictions may influence the liquidity or cash flow patterns of certain assets. For example, a donor stipulation that donated cash be used to acquire land and buildings limits an entity's ability to take effective actions to respond to unexpected opportunities or needs, such as emergency disaster relief. On the other hand, some donor-imposed restrictions have little or no influence on cash flow patterns or an entity's financial flexibility. For example, a gift of cash with a donor stipulation that it be used for emergency-relief efforts has a negligible impact on an entity if emergency relief is one of its major ongoing programs."), [financial flexibility](https://asc.understandingaccounting.org/glossary/f/#financial-flexibility "The ability of an entity to take effective actions to alter amounts and timing of cash flows so it can respond to unexpected needs and opportunities."), ability to meet obligations, and needs for external financing. Source downloaded (UTC): 2026-09-09T23:02:28.432Z to 2026-09-09T23:02:28.432Z Record version: sha256:0375f0c3202591b8f2e9539207998bb1d553f0f24e9622958367b22720755908 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/210/958/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [210-958-15-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:28.432Z to 2026-09-09T23:02:28.432Z Record version: sha256:07962f21bddc6f5b367042105ab5f61f48c0a1c76b81d80c61a0244915aa76c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15. It discusses how to report assets, liabilities, and net assets in financial statements; however, it does not specify when to recognize or how to measure those elements. Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:30e36b51a2ff47f2ac1cce5f7d7492922b8760f2f1c76fdf464712e1efea01f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/210/958/#45-other-presentation-matters) SEC content: no #### Totals and Format ##### [210-958-45-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:97930922d63643b153b5fc77374b1fa146e273f84936f37a7175fe940d23d0cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A statement of financial position shall focus on the [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "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.") (NFP) as a whole and shall report all of the following amounts: 1. a Total assets 2. b Total liabilities 3. c Total net assets 4. d Total [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") 5. e Total [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") 6. f [Subparagraph superseded by Accounting Standards Update No. 2016-14](https://asc.understandingaccounting.org/updates/asu-2016-14/). ##### [210-958-45-2](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:584b98423606167abe5803ae6075664d0af70307df80b7b8ec8922f3053699c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic does not preclude display of interfund items in a statement of financial position; rather, its requirement to display total assets and liabilities results in certain practical limits on how interfund items are displayed in a financial statement. For example, because receivables and payables between fund groups are not entity assets or liabilities, a statement of financial position shall clearly label and arrange those interfund items to eliminate their amounts when displaying total assets or liabilities. ##### [210-958-45-3](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:f0a1d7544dcd2b6f4f4917b4abde270fbf9cda0ef42c81fb49afff7e38b7b452 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic does not emphasize or preclude specific statement formats. It permits a left-to-right or top-to-bottom balanced format as well as single-column, multicolumn, single-page, or multipage formats. #### Classification of Assets and Liabilities ##### [210-958-45-4](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:b326dcc0a17a6aa12d53c4bf06669ce742dbbfdc6a8deec59a5dd303c96be703 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A statement of financial position, including accompanying notes to financial statements, provides relevant information about [liquidity](https://asc.understandingaccounting.org/glossary/l/#liquidity "An asset's or liability's nearness to cash. Donor-imposed restrictions may influence the liquidity or cash flow patterns of certain assets. For example, a donor stipulation that donated cash be used to acquire land and buildings limits an entity's ability to take effective actions to respond to unexpected opportunities or needs, such as emergency disaster relief. On the other hand, some donor-imposed restrictions have little or no influence on cash flow patterns or an entity's financial flexibility. For example, a gift of cash with a donor stipulation that it be used for emergency-relief efforts has a negligible impact on an entity if emergency relief is one of its major ongoing programs."), [financial flexibility](https://asc.understandingaccounting.org/glossary/f/#financial-flexibility "The ability of an entity to take effective actions to alter amounts and timing of cash flows so it can respond to unexpected needs and opportunities."), and the interrelationship of an NFP's assets and liabilities. That information generally is provided by aggregating assets and liabilities that possess similar characteristics into reasonably homogeneous groups that include the effects of [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") as well as other contractual restrictions. ##### [210-958-45-5](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:828133c020fa583877346efba9be46f37574e9623ab17c331a9d32ec6b5abf53 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Classifying and aggregating items with similar characteristics into reasonably homogeneous groups and separating items with differing characteristics is a basic reporting practice that increases the usefulness of information. For example, entities generally report individual items of assets in homogeneous groups, such as cash and cash equivalents; accounts and notes receivable from patients, students, members, and other recipients of services; inventories of materials and supplies; deposits and prepayments for rent, insurance, and other services; marketable securities and other investment assets held for long-term purposes; and land, buildings, equipment, and other long-lived assets used to provide goods and services. Likewise, cash collections of receivables from patients, students, or other service recipients may differ significantly in continuity, stability, and risk from cash collections of pledges made to a special-purpose fundraising campaign. Classifying and reporting those receivables and collections of receivables as separate groups of assets and of cash inflows facilitates financial statement analysis aimed at objectives such as predicting amounts, timing, and uncertainty of future cash flows. ##### [210-958-45-5A](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-5A) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:f8fc1141612eeda934ab0a82db7dfa399ec3c0551cc1512187c1af4eeaa0df43 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As illustrated in paragraph [958-205-55-7](https://asc.understandingaccounting.org/asc/205/958/#205-958-55-7), cash and cash equivalents of permanent endowment funds held temporarily until suitable long-term investment opportunities are identified may be included in the classification long-term investments. Likewise, cash held temporarily by a custodian for investment purposes may be included as part of investments in a statement of financial position rather than as cash. ##### [210-958-45-6](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:1abfdb6d5a876700e53c0da5b7c28699340942692091c15dfe41bfec71b81731 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Assets may be restricted by donors. For example, land could be restricted to use as a public park. Generally, however, restrictions apply to net assets, not to specific assets. Assets need not be disaggregated on the basis of the presence of donor-imposed restrictions on their use; for example, cash available for current use and without donor restrictions need not be reported separately from cash received with donor-imposed restrictions that is also available for current use. However, cash or other assets received with a donor-imposed restriction that limits their use to long-term purposes shall not be classified with cash or other assets that are without donor restrictions and are available for current use. The kind of asset whose use is limited either by a donor-imposed restriction or by governing board designations shall be described in the notes to the financial statements if the nature of the restriction or designation (that is, amount and purpose) is not clear from the description on the face of the statement of financial position. ##### [210-958-45-7](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:448fbd5e2f51bbe3e10b26682179e71accc37f60f8dcfec459e6925c6ddd665f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following information shall be displayed either on the face of the statement of financial position or in the notes to financial statements, unless otherwise required on the face of the statement of financial position: 1. a Relevant information about the nature and amount of limitations on the use of cash and cash equivalents (such as cash held on deposit as a compensating balance) (see paragraph [958-210-50-3(b)](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-3)).  2. b Contractual limitations on the use of particular assets. These include, for example, restricted cash or other assets set aside under debt agreements, assets set aside under self-insurance funding arrangements, assets set aside under collateral arrangements, or assets set aside to satisfy reserve requirements that states may impose under charitable gift annuity agreements (see paragraph [958-210-50-3(c)](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-3)).  3. c Quantitative information, and additional qualitative information in the notes as necessary, about the availability of an NFP's financial assets at the balance sheet date to meet cash needs for general expenditures within one year of the balance sheet date (see paragraph [958-210-50-1A(b)](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-1A)). ##### [210-958-45-8](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:6d5b9955eb496351f9085c20dd2230f93de8775086c9b3e1305d81d1868c9047 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Additional information about liquidity shall be provided by any of the following: 1. a Sequencing assets according to their nearness of conversion to cash and sequencing liabilities according to the nearness of their maturity and resulting use of cash 2. b Classifying assets and liabilities as current and noncurrent, as defined by Subtopic 210-10 (required by paragraph [954-210-45-1](https://asc.understandingaccounting.org/asc/210/954/#210-954-45-1) for statements of financial position prepared by not-for-profit, business-oriented health care entities) 3. c Disclosing in notes to financial statements any additional relevant information about the liquidity or maturity of assets and liabilities, including restrictions on the use of particular assets (see paragraph [958-210-50-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-1)). #### Classification of Net Assets ##### [210-958-45-9](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:ce8385b3ea37ee761180ac5a7725232342642a2edd6f80e7358c9e6865eaa8bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The amounts for each of the two classes of net assets—with donor restrictions and without donor restrictions—are based on the existence or absence of [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions."). Information about the nature and amounts of different types of donor-imposed restrictions shall be provided either by reporting their amounts on the face of the statement of financial position or by including relevant details in notes to financial statements. Additionally, separate line items may be reported within [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") or in notes to financial statements to distinguish between various types of donor-imposed restrictions, such as the following examples: 1. a Assets, such as land or works of art, donated with stipulations that they be used for a specified purpose, be preserved, and not be sold. 2. b Assets donated with stipulations that they be invested to provide a permanent source of income. These result from gifts and bequests that create a donor-restricted endowment that is perpetual in nature. 3. c Support of particular operating activities. 4. d Investment for a specified term. 5. e Use in a specified future period. 6. f Acquisition of long-lived assets. ##### [210-958-45-10](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:c5bb4d6cd596ce3edb56452da62aa638d7321cc3904592315c97e3b62ff48a64 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A [donor-imposed restriction](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") may require that resources be used in a later period or after a specified date (time restrictions), or that resources be used for a specified purpose (purpose restrictions), or both. For example, gifts of cash and other assets with stipulations that they be invested to provide a source of income for a specified term and that the income be used for a specified purpose are both time and purpose restricted. Those gifts often are called [term endowments](https://asc.understandingaccounting.org/glossary/t/#term-endowment "An endowment fund established to provide income for a specified period. See Endowment Fund."). ##### [210-958-45-11](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:c9051fa1447353bd180e22ff8d7b01169fc80aa6deb29d7fecd9177e5ab781d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Information about self-imposed limits also is useful, including information about voluntary resolutions by the governing board of an entity, such as resolutions to designate a portion of its [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") to function as an endowment (sometimes called a [board-designated endowment fund](https://asc.understandingaccounting.org/glossary/b/#board-designated-endowment-fund "An endowment fund created by a not-for-profit entity's (NFP's) governing board by designating a portion of its net assets without donor restrictions to be invested to provide income for a long but not necessarily specified period (sometimes called funds functioning as endowment or quasi-endowment funds). In rare circumstances, a board-designated endowment fund also can include a portion of net assets with donor restrictions. For example, if an NFP is unable to spend donor-restricted contributions in the near term, then the board sometimes considers the long-term investment of these funds. See Endowment Fund.")) or to designate a portion for a specific future expenditure (called [board-designated net assets](https://asc.understandingaccounting.org/glossary/b/#board-designated-net-assets "Net assets without donor restrictions subject to self-imposed limits by action of the governing board. Board-designated net assets may be earmarked for future programs, investment, contingencies, purchase or construction of fixed assets, or other uses. Some governing boards may delegate designation decisions to internal management. Such designations are considered to be included in board-designated net assets.")). Information about the amounts and purposes of board designations of net assets without donor restrictions shall be provided in notes to or on the face of financial statements in accordance with paragraph [958-210-50-3](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-3). (See Example 1 \[paragraph [958-210-55-3](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-3)\] for an illustration of this guidance.) ##### [210-958-45-12](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-12) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:33.083Z to 2026-09-09T23:02:33.083Z Record version: sha256:d7835fe0f2d17fea670cd52a4e3652f5ad03d8d2ed9b0ebf56490f3301f92bd4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-14](https://asc.understandingaccounting.org/updates/asu-2016-14/). Source downloaded (UTC): 2026-09-09T23:02:36.104Z to 2026-09-09T23:02:36.104Z Record version: sha256:2b06b7a937aded88e7923594fd1e53b1499d33a59521f356fb9f31dad4e6da03 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/210/958/#50-disclosure) SEC content: no ##### [210-958-50-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:36.104Z to 2026-09-09T23:02:36.104Z Record version: sha256:e4903e723988731efc9ff02a67c4572ae4beee225579a6bd51e3c3a67515c920 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "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.") (NFP) shall disclose in notes to financial statements relevant information about the [liquidity](https://asc.understandingaccounting.org/glossary/l/#liquidity "An asset's or liability's nearness to cash. Donor-imposed restrictions may influence the liquidity or cash flow patterns of certain assets. For example, a donor stipulation that donated cash be used to acquire land and buildings limits an entity's ability to take effective actions to respond to unexpected opportunities or needs, such as emergency disaster relief. On the other hand, some donor-imposed restrictions have little or no influence on cash flow patterns or an entity's financial flexibility. For example, a gift of cash with a donor stipulation that it be used for emergency-relief efforts has a negligible impact on an entity if emergency relief is one of its major ongoing programs.") or maturity of assets and liabilities, including restrictions and self-imposed limits on the use of particular items, in addition to information provided on the face of the statement of financial position, if shown, in accordance with paragraph [958-210-45-8](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-8). Specific disclosure requirements to meet that objective include the requirements in this Subtopic. ##### [210-958-50-1A](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-1A) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:36.104Z to 2026-09-09T23:02:36.104Z Record version: sha256:a41554fac017ca37569578b0b65c7b4153d220c967d6cf87620523375286d884 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An NFP shall disclose the following: 1. a Qualitative information in the notes to financial statements that is useful in assessing an entity's liquidity and that communicates how an NFP manages its liquid resources available to meet cash needs for general expenditures within one year of the date of the statement of financial position 2. b Quantitative information either on the face of the statement of financial position or in the notes, and additional qualitative information in the notes as necessary, that communicates the availability of an NFP's financial assets at the date of the statement of financial position to meet cash needs for general expenditures within one year of the date of the statement of financial position (see paragraph [958-210-45-7(c)](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-7)). Availability of a financial asset may be affected by: 1. 1 Its nature 2. 2 External limits imposed by donors, laws, and contracts with others 3. 3 Internal limits imposed by governing board decisions. See example note disclosures in paragraphs [958-210-55-5 through 55-8](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-5) and [958-205-55-21](https://asc.understandingaccounting.org/asc/205/958/#205-958-55-21). ##### [210-958-50-2](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:36.104Z to 2026-09-09T23:02:36.104Z Record version: sha256:ed2a20fe0b8c4006f37c586c78c1b9749aa864ad72afc0cbfc4ccc4377f8ac6f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An NFP shall disclose the following, if applicable, in the notes to financial statements and may include that information in qualitative disclosures on the availability of an NFP's financial assets in accordance with paragraph [958-210-50-1A(b)](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-1A): 1. a Unusual circumstances, such as special borrowing arrangements, requirements imposed by resource providers that cash be held in separate accounts, and known significant liquidity problems 2. b The fact that the NFP has not maintained appropriate amounts of cash and cash equivalents to comply with [donor-imposed restrictions](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions.") (see paragraph [958-450-50-3](https://asc.understandingaccounting.org/asc/450/958/#450-958-50-3)) 3. c Information about significant limits resulting from contractual agreements with suppliers, creditors, and others, including the existence of loan covenants. ##### [210-958-50-3](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:36.104Z to 2026-09-09T23:02:36.104Z Record version: sha256:b61ec982d501dc1461b4014fb7bc536431b94a68dd13c1d9f14d4c64f973a7c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Section 958-210-45 discusses the following items that are required to be included in the notes to financial statements if they are not provided on the face of the statement of financial position: 1. a A description of the kind of asset whose use is limited (see paragraph [958-210-45-6](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-6)) 2. b Information about the nature and amount of limitations on the use of cash and cash equivalents (see paragraph [958-210-45-7(a)](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-7)) 3. c Contractual limitations on the use of particular assets (see paragraph [958-210-45-7(b)](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-7)) 4. d Information about the nature and amounts of different types of restrictions that affect how and when, if ever, the resources (net assets) can be used (see paragraph [958-210-45-9](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-9)) 5. e [Subparagraph superseded by Accounting Standards Update No. 2016-14](https://asc.understandingaccounting.org/updates/asu-2016-14/). 6. f Information about additional limitations placed on net assets, such as information about the amounts and purposes of board designations of [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") required in accordance with paragraph [958-210-45-11](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-11). Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:b3c01ee5820dc40146f4b1e4448bd7d55050520693fbc0ee2f78b78f86a2ff9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/210/958/#55-implementation-guidance-and-illustrations) SEC content: no #### Illustrations ##### [210-958-55-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:20e03436e76ed035c86fdd27c29291957ba158d5f07341a3d716c274e6d2640d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used in the presentation of a statement of financial position by a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "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.") (NFP). ##### [210-958-55-2](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:7fca8dd507cfee5cf0be0a24ed59fb7c04df8d1004a20bc255e14c52b534b4d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In addition to the following Examples, guidance in paragraph [958-205-55-7](https://asc.understandingaccounting.org/asc/205/958/#205-958-55-7) illustrates a statement of financial position and paragraph [958-205-55-5](https://asc.understandingaccounting.org/asc/205/958/#205-958-55-5) provides the facts and transactions that are reflected in that illustrative statement. ##### [210-958-55-3](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:7c06b7287e673d56607028ecdf025e2454e6d5e0af3324b82b6d838d5d75e0e3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As illustrated in paragraph [958-205-55-9](https://asc.understandingaccounting.org/asc/205/958/#205-958-55-9), this Subtopic encourages the use of the terms [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") and [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants)."); however, other labels exist. For example, equity may be used for net assets, and other or not donor-restricted may be used with care to distinguish net assets with donor restrictions from net assets without donor restrictions. For example, the net asset section might be arranged as follows. - ![](https://asc.understandingaccounting.org/asc-img/GUID-215365E5-73EA-4880-BF24-FE0056D42D59-low.gif) With donor restrictions: Perpetual in nature $XXX Purpose restricted XXX "Time-restricted only, for periods after 20X1" XXX XXX Without donor restrictions: Designated by the Board for \[ purpose\] $XXX Undesignated XXX XXX Net assets $XXX ##### [210-958-55-4](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:25dfce41875f00c4f0711259f621bfbfaf47ce4d42089138aa4b6aa12de2d43b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. At a minimum, paragraph [958-210-45-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-45-1) requires that the amounts for each of the two classes of net assets—net assets with donor restrictions and net assets without donor restrictions—and the total of net assets be reported in a statement of financial position. The captions used to describe those amounts must correspond with their meanings. ##### [210-958-55-5](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:dc8a75da3685990087a70e0876356aba2c719e5bffaf7788c1f8a0e431aae40a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates disclosures on liquidity and availability of an NFP's financial assets as required by paragraph [958-210-50-1A](https://asc.understandingaccounting.org/asc/210/958/#210-958-50-1A). It provides two possible methods to meet the disclosure requirements, but there may be other ways for an NFP to meet the requirements. In this Example, Not-for-Profit Entity A (NFP A) has combined the disclosures about availability of its financial assets and liquidity into one note; however, these disclosures also may be presented in separate notes. Note G in paragraph [958-205-55-21](https://asc.understandingaccounting.org/asc/205/958/#205-958-55-21) provides an additional example of the disclosures on liquidity and availability of an NFP's financial assets. ##### [210-958-55-6](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:04b9f590261ddee29d623fb0b4ace63fd4a0a87503ab9dc1d822853ff1e6cba5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is a statement of financial position and example disclosure for NFP A. - ![](https://asc.understandingaccounting.org/asc-img/GUID-D141D425-DA0C-49F0-95ED-ABAA6D97D506-low.gif) Not-for-Profit Entity A Statements of Financial Position " June 30, 20X1" (in thousands) 20X1 Assets: Cash " $75,000 " Contributions receivable " 20,000 " Prepaid expenses " 5,000 " Short-term investments " 300,000 " Total assets " $400,000 " Liabilities: Accounts payable " $80,000 " Total liabilities " 80,000 " Net assets: Without donor restrictions " 300,000 " With donor restrictions " 20,000 " Total net assets " 320,000 " Total liabilities and net assets " $400,000 " ##### [210-958-55-7](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:e6fcd5674a0b27b0601b426d54e95e72a6411704ca4d7d065c52c830435d6a34 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP A has $395,000 of financial assets available within 1 year of the balance sheet date to meet cash needs for general expenditure consisting of cash of $75,000, contributions receivable of $20,000, and short-term investments of $300,000. None of the financial assets are subject to donor or other contractual restrictions that make them unavailable for general expenditure within one year of the balance sheet date. The contributions receivable are subject to implied time restrictions but are expected to be collected within one year. NFP A has a goal to maintain financial assets, which consist of cash and short-term investments, on hand to meet 60 days of normal operating expenses, which are, on average, approximately $275,000. NFP A has a policy to structure its financial assets to be available as its general expenditures, liabilities, and other obligations come due. In addition, as part of its liquidity management, NFP A invests cash in excess of daily requirements in various short-term investments, including certificate of deposits and short-term treasury instruments. As more fully described in Note XX, NFP A also has committed lines of credit in the amount of $20,000, which it could draw upon in the event of an unanticipated liquidity need. ##### [210-958-55-8](https://asc.understandingaccounting.org/asc/210/958/#210-958-55-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:40.115Z to 2026-09-09T23:02:40.115Z Record version: sha256:25f13cb249165ec9f9c0ae1ab8867f56ea395b13a04da8029ed24b254df379c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFP A presents a classified statement of financial position with additional qualitative information about availability of resources and liquidity in Note T. - ![](https://asc.understandingaccounting.org/asc-img/GUID-EE85A81C-3965-4004-95D7-DD329E5FB6F6-low.gif) Not-for-Profit Entity A Statements of Financial Position " June 30, 20X1 and 20X0" (in thousands) 20X1 20X0 Assets: Current assets Cash and cash equivalents " $4,575 " " $4,960 " Accounts and interest receivable " 2,130 " " 1,670 " Inventories and prepaid expenses 610 " 1,000 " Contributions receivable " 1,825 " " 1,200 " Short-term investments " 1,400 " " 1,000 " Long-term investments appropriated for current use " 10,804 " " 10,075 " Total current assets " 21,344 " " 19,905 " Noncurrent assets Contributions receivable " 1,200 " " 1,500 " "Assets restricted to investment in land, buildings, and equipment" " 5,210 " " 4,560 " "Land, buildings, and equipment" " 61,700 " " 63,590 " "Long-term investments, net of amounts appropriated" " 207,266 " " 193,425 " Total noncurrent assets " 275,376 " " 263,075 " Total assets " $296,720 " " $282,980 " Liabilities and net assets: Current liabilities Accounts payable " $2,570 " " $1,050 " Refundable advance 550 Grants payable 550 600 Notes payable 140 Annuity trust obligations 985 " 1,050 " Total current liabilities " 4,105 " " 3,390 " Noncurrent liabilities Refundable advance 100 Grants payable 325 700 Notes payable " 1,000 " Annuity obligations 700 650 Long-term debt " 5,500 " " 6,500 " Total noncurrent liabilities " 6,525 " " 8,950 " Total liabilities " 10,630 " " 12,340 " Net assets: Without donor restrictions "92,677" "73,619" With donor restrictions "193,413" "197,021" Total net assets "286,090" "270,640" Total liabilities and net assets " $296,720 " " $282,980 " - Note T - NFP A's financial assets available within one year of the balance sheet date for general expenditure are as follows. - ![](https://asc.understandingaccounting.org/asc-img/GUID-D98D64C7-A95C-4D25-8746-FF87C5B7E612-low.gif) Cash and cash equivalents " $4,575 " Accounts and interest receivable " 2,130 " Contributions receivable " 1,825 " Short-term investments " 1,400 " Other investments appropriated for current use " 10,804 " " $20,734 " - NFP A's endowment funds consist of donor-restricted endowments and a quasi-endowment. Income from donor-restricted endowments is restricted for specific purposes and, therefore, is not available for general expenditure. As described in Note Y, the quasi-endowment has a spending rate of 5 percent. $1.65 million of appropriations from the quasi-endowment will be available within the next 12 months. - As part of NFP A's liquidity management, it has a policy to structure its financial assets to be available as its general expenditures, liabilities, and other obligations come due. In addition, NFP A invests cash in excess of daily requirements in short-term investments. To help manage unanticipated liquidity needs, NFP A has committed lines of credit in the amount of $20 million, which it could draw upon. Additionally, NFP A has a quasi-endowment of $33 million. Although NFP A does not intend to spend from its quasi-endowment other than amounts appropriated for general expenditure as part of its annual budget approval and appropriation process, amounts from its quasi-endowment could be made available if necessary. However, both the quasi-endowment and donor-restricted endowments contain investments with lock-up provisions that would reduce the total investments that could be made available (see Note X for disclosures about investments). Source downloaded (UTC): 2026-09-09T23:02:44.054Z to 2026-09-09T23:02:44.054Z Record version: sha256:17f836fd5a7a54e2c07496009bb75a6d986a275d30a6492888624fe97f991dd6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-958-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/210/958/#60-relationships) SEC content: no #### Balance Sheet ##### [210-958-60-1](https://asc.understandingaccounting.org/asc/210/958/#210-958-60-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:44.054Z to 2026-09-09T23:02:44.054Z Record version: sha256:974ca4ec65d134c528480590ffc110add122b106df70375cd7879bb3533b767f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For classification of current assets and current liabilities, see Section 210-10-45. ##### [210-958-60-2](https://asc.understandingaccounting.org/asc/210/958/#210-958-60-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:44.054Z to 2026-09-09T23:02:44.054Z Record version: sha256:9b628af42e1490607de8a497db904ac1512b36a77f081e12d1b5c81229fabced Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For exclusion from current assets of funds that are clearly to be used in the near future for the liquidation of long-term debts, payments to sinking funds, or for similar purposes, including those restricted for those purposes, see paragraph [210-10-45-4](https://asc.understandingaccounting.org/asc/210/10/#210-10-45-4).