Question

Explain how each of the following transactions should be reported by a nongovernment not-for-profit organization:
a. Received a pledge for unrestricted contributions to be received in the next fiscal year, $100,000.
b. Received a pledge for $500,000, conditioned on whether the not-for-profit’s clientele achieve a 10% average increase in reading scores during the next calendar year.
c. Received cash gifts of $250,000, restricted to community outreach programs—one of three broad program categories of the organization.
d. Received pledges of $800,000, restricted to purchase or construction of a headquarters building for the organization.



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  • CreatedOctober 25, 2014
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