How does a non-governmental nonprofit account for money raised at a benefit auction that is restricted by

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How does a non-governmental nonprofit account for money raised at a benefit auction that is restricted by the donors for capital improvements?

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The money is reported in a separate capital projects fund

The Balance Sheet will report the donations as part of permanently restricted net assets

Each donor will receive an itemized accounting of how the money is spent

The Statement of Activities will report the donations as an increase in temporarily restricted net assets.

Posted Date: Jun 21, 2024 11:13 PM

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How does a non-governmental nonprofit account for money raised at a benefit auction that is restricted by

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