{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/220/958/#50-disclosure","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":"220","topic_title":"Income Statement—Reporting Comprehensive Income","subtopic":"220-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-958-50-1","para":"50-1","html":"
A not-for-profit entity (NFP) shall disclose the following information in the notes to financial statements:
  1. a
    If an NFP's use of the term operations is not apparent from the details provided on the face of the statement of activities, a description of the nature of the reported measure of operations or the items excluded from operations (see Example 5 in paragraph 958-220-55-16 for a case in which this information is apparent on the face of the statement of activities and a case in which this information is disclosed in the notes to the financial statements).
  2. aa
    If an NFP presents internal board designations, appropriations, and similar actions on the face of the financial statements, an appropriate disaggregation and description by type of these actions if not provided on the face of the financial statements (see Example 5 in paragraph 958-220-55-16 for a case in which this information is apparent on the face of the financial statements and a case in which this information is disclosed in the notes to the financial statements).
  3. b
    Subparagraph superseded by Accounting Standards Update No. 2016-14.
  4. c
    If not provided on the face of the statement of activities or as a separate statement, all expenses in one location. The relationship between functional and natural classification for all expenses shall be presented in an analysis that disaggregates functional expense classifications by their natural expense classifications. Investment expenses that are netted against investment return shall not be included (see paragraph 958-720-45-15).
  5. d
    A qualitative description of the methods used to allocate costs among program and support functions (see paragraph 958-720-50-1).
","snippet":"A not-for-profit entity (NFP) shall disclose the following information in the notes to financial statements:\n(a) If an NFP's use of the term operations is not apparent from the details provided on the face of the stateme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6cf3c32e55711fd779fd05a7598812e191f3da3d00ad0db5b576a385c2d0e68b","downloaded_from":"2026-09-09T23:07:30.799Z","last_downloaded_at":"2026-09-09T23:07:30.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478833","source_sha256":"55441fae2559d82f889c8b55645233e78b444cc8dfd21100e7896592990e4c2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0fa76440aa8dce334ffa4bc46dce59f29a536e1f7647d2adeea54c299ddcfcd4","downloaded_from":"2026-09-09T23:07:30.799Z","last_downloaded_at":"2026-09-09T23:07:30.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478833","source_sha256":"55441fae2559d82f889c8b55645233e78b444cc8dfd21100e7896592990e4c2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36b77a7d7119623de9115b4295ed49ecb7821b3614c11762805630fc7e7e25ef","downloaded_from":"2026-09-09T23:07:30.799Z","last_downloaded_at":"2026-09-09T23:07:30.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478833","source_sha256":"55441fae2559d82f889c8b55645233e78b444cc8dfd21100e7896592990e4c2a"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36b77a7d7119623de9115b4295ed49ecb7821b3614c11762805630fc7e7e25ef","downloaded_from":"2026-09-09T23:07:30.799Z","last_downloaded_at":"2026-09-09T23:07:30.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478833","source_sha256":"55441fae2559d82f889c8b55645233e78b444cc8dfd21100e7896592990e4c2a"}}