# ASC 958-20-50: Not-for-Profit Entities — Financially Interrelated Entities — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/958/20/#50-disclosure)

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## ASC 958-20-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/958/20/#50-disclosure)

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##### [958-20-50-1](https://asc.understandingaccounting.org/asc/958/20/#958-20-50-1)

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If 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) transfers assets to a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") in an equity transaction (see paragraph [958-20-25-4](https://asc.understandingaccounting.org/asc/958/20/#958-20-25-4)), it shall disclose the information required by paragraph [958-605-50-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-50-6) for each period for which a statement of financial position is presented.