{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/958/#25-recognition","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":"405","topic_title":"Liabilities","subtopic":"405-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"405-958-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">For recognition guidance on liabilities that result from transfers of donated assets to <a href=\"/glossary/i/#intermediary\" class=\"term\" title=\"Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor.\"><span>intermediaries</span></a> and <a href=\"/glossary/a/#agent\" class=\"term\" title=\"An entity that acts for and on behalf of another. Although the term agency has a legal definition, the term is used broadly to encompass not only legal agency, but also the relationships described in Topic 958. A recipient entity acts as an agent for and on behalf of a donor if it receives assets from the donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a specified beneficiary. A recipient entity acts as an agent for and on behalf of a beneficiary if it agrees to solicit assets from potential donors specifically for the beneficiary's use and to distribute those assets to the beneficiary. A recipient entity also acts as an agent if a beneficiary can compel the recipient entity to make distributions to it or on its behalf.\"><span>agents</span></a>, see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/605/958/#605-958-25-23\" class=\"xref\">958-605-25-23 through 25-24</a></div>.</div> </div>","snippet":"For recognition guidance on liabilities that result from transfers of donated assets to intermediaries and agents, see paragraphs 958-605-25-23 through 25-24.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be64497c0bcfd04f1ead1518b6a1213a7f83de36dac10bc51d03b42bb3785288","downloaded_from":"2026-09-10T00:19:53.538Z","last_downloaded_at":"2026-09-10T00:19:53.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478880","source_sha256":"bd473d3abaed602e99780ec7636c8d9a7e09fc9d671a4829d9cae347abc0a2c7"}},{"citation":"405-958-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div> </div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e993647d78d2a0519b32bb193ebd1e5e21b95ccc4be6e5315fcb983e67a35e15","downloaded_from":"2026-09-10T00:19:53.538Z","last_downloaded_at":"2026-09-10T00:19:53.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478880","source_sha256":"bd473d3abaed602e99780ec7636c8d9a7e09fc9d671a4829d9cae347abc0a2c7"}},{"citation":"405-958-25-3","para":"25-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_3734190E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A not-for-profit entity (NFP) that is a social or country club may issue membership interests, such as capital shares. If those interests are wholly or partially refundable when the member dies, moves away, resigns his or her membership, or at a fixed date, Subtopic <a altsource=\"GUID-D6849FE8-27A8-4E26-B715-0C08913C223E.ditamap\" class=\"ditamap\">480-10</a> provides guidance. </span></span> </div> </div>","snippet":"A not-for-profit entity (NFP) that is a social or country club may issue membership interests, such as capital shares. If those interests are wholly or partially refundable when the member dies, moves away, resigns his o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce2f3b71c47101ef5b600ab2573178588e5afd32058f09649bfa3b00733d70a4","downloaded_from":"2026-09-10T00:19:53.538Z","last_downloaded_at":"2026-09-10T00:19:53.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478880","source_sha256":"bd473d3abaed602e99780ec7636c8d9a7e09fc9d671a4829d9cae347abc0a2c7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db1d72cafdeb2cd4b9b87ac08e3333f5404eed75c665131ebe0de62e2fdc4fbc","downloaded_from":"2026-09-10T00:19:53.538Z","last_downloaded_at":"2026-09-10T00:19:53.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478880","source_sha256":"bd473d3abaed602e99780ec7636c8d9a7e09fc9d671a4829d9cae347abc0a2c7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f293e7ffd0edc4fce2dae3fd23e6ff098e51249dffb18e21750e616c62ffea23","downloaded_from":"2026-09-10T00:19:53.538Z","last_downloaded_at":"2026-09-10T00:19:53.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478880","source_sha256":"bd473d3abaed602e99780ec7636c8d9a7e09fc9d671a4829d9cae347abc0a2c7"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f293e7ffd0edc4fce2dae3fd23e6ff098e51249dffb18e21750e616c62ffea23","downloaded_from":"2026-09-10T00:19:53.538Z","last_downloaded_at":"2026-09-10T00:19:53.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478880","source_sha256":"bd473d3abaed602e99780ec7636c8d9a7e09fc9d671a4829d9cae347abc0a2c7"}}