For a small NFPO to qualify for the exemption provided for in Section 4433, these organizations must disclose all of the following EXCEPT:

Question

Quizplus · Accepted Answer

Small NFPOs do not need to provide an appraised listing of their capital assets showing book values and appraised market values to qualify for the exemption provided for in Section 4433. However, they do need to disclose their accounting policy for capital assets, any information about capital assets not shown in the balance sheet, and the amount expensed in the current period if their policy is to expense capital assets when acquired.

For a Small NFPO to Qualify for the Exemption Provided