Non-Profit Organization (Topic 958) Statement No. 124

Statement No. 124 pertaining to Non-Profit Organizations initiated standards for investments held by the organization. This required a statement of activities be produced for the non-profit entity showing all gains and losses at a fair value for their investments in equity securities and investments in debt securities. The statement of activities must disclose the investments and the return on those investments. Statement No. 124 also created specifications on noting losses due to donor’s stipulations to contribute a gift for a specified term.