# ASC 220-958-50: Income Statement—Reporting Comprehensive Income — Not-for-Profit Entities — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/220/958/#50-disclosure) 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): 2026-09-09T23:07:30.799Z to 2026-09-09T23:07:30.799Z Record version: sha256:36b77a7d7119623de9115b4295ed49ecb7821b3614c11762805630fc7e7e25ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-958-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/220/958/#50-disclosure) SEC content: no ##### [220-958-50-1](https://asc.understandingaccounting.org/asc/220/958/#220-958-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:07:30.799Z to 2026-09-09T23:07:30.799Z Record version: sha256:6cf3c32e55711fd779fd05a7598812e191f3da3d00ad0db5b576a385c2d0e68b 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 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](https://asc.understandingaccounting.org/asc/220/958/#220-958-55-16) 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](https://asc.understandingaccounting.org/asc/220/958/#220-958-55-16) 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](https://asc.understandingaccounting.org/updates/asu-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](https://asc.understandingaccounting.org/glossary/f/#functional-expense-classification "A method of grouping expenses according to the purpose for which costs are incurred. The primary functional classifications of a not-for-profit entity are program services and supporting activities.") by their [natural expense classifications](https://asc.understandingaccounting.org/glossary/n/#natural-expense-classification "A method of grouping expenses according to the kinds of economic benefits received in incurring those expenses. Examples of natural expense classifications include salaries and wages, employee benefits, professional services, supplies, interest expense, rent, utilities, and depreciation. (P) December 16, 2026; (N) December 16, 2026220-40-65-1A method of grouping expenses according to the types of economic benefits received in incurring those expenses. Examples of natural expense classifications include salaries and wages, employee benefits, nonemployee professional services, supplies, interest expense, rent, utilities, and depreciation."). Investment expenses that are netted against investment return shall not be included (see paragraph [958-720-45-15](https://asc.understandingaccounting.org/asc/720/958/#720-958-45-15)). 5. d A qualitative description of the methods used to allocate costs among program and support functions (see paragraph [958-720-50-1](https://asc.understandingaccounting.org/asc/720/958/#720-958-50-1)).