How Do I Apply for a Non-Profit Grant?

Government subsidy income refers to the income obtained by private non-profit organizations receiving government grants or subsidies from government agencies. Moreover, the government subsidy income of non-governmental non-profit organizations should be accounted for as restricted income and non-restricted income according to whether the relevant asset providers have set restrictions on the use of assets. Like donation income and membership income, government subsidy income also belongs to non-exchange transaction income, so the accounting treatment of government subsidy income and donation income is basically the same. The assets obtained by a non-profit non-profit organization receiving government subsidies are usually bank deposits and should be recorded in accordance with the actual amount received. If the non-profit organization's assets obtained by accepting government subsidies are non-cash assets, the measurement is the same as the measurement of non-cash assets receiving donations.

Government subsidy income

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Government subsidy income refers to the income obtained by private non-profit organizations receiving government grants or subsidies from government agencies. Moreover, the government subsidy income of non-governmental non-profit organizations should be accounted for as restricted income and non-restricted income according to whether the relevant asset providers have set restrictions on the use of assets. Like donation income and membership income, government subsidy income also belongs to non-exchange transaction income, so the accounting treatment of government subsidy income and donation income is basically the same. The assets obtained by non-governmental non-profit organizations when they receive government subsidies are usually bank deposits and should be accounted for according to the actual amount received. If the non-profit organization's assets obtained by accepting government subsidies are non-cash assets, the measurement is the same as the measurement of non-cash assets receiving donations.

It should be noted that in practice, many government departments provide funds to private non-profit organizations for the research activities of a project in order to support the development of private non-profit organizations, and private non-profit organizations need to submit scientific research results to Government departments, or government departments, provide certain financial support to private non-profit organizations on a regular basis, while private non-profit organizations need to provide certain daily services to government departments or the public. This situation is often referred to as purchasing labor services. If the funds provided by government departments are equivalent or basically equivalent to the research results or daily services provided by private non-profit organizations, this transaction should fall into the category of exchange transactions, not government subsidies stipulated in the accounting system. income.

Chinese name

Government subsidy income

Foreign name

The government subsidies income

To source

Government grants or grants from government agencies

Nature

Non-exchange transaction income

Accounting

According to the "Accounting System for Civil Nonprofit Organizations", civil nonprofit organizations should recognize government subsidy revenue when they meet the prescribed revenue recognition conditions. The main accounting treatments include: ^[1]

(1) Accepted government subsidies, debit "Cash", "Bank deposit", "Accounts receivable" and other subjects according to the amount to be confirmed, and credit "Government subsidy income-non-restricted income" subjects or " "Government subsidy income-limited income" subjects.

For the conditional government subsidy received, if there is an existing obligation to repay all or part of the government subsidy assets or the corresponding amount (for example, if it is not possible to meet the conditions attached to the government subsidy, some or all of the government subsidy must be returned to the government subsidy ), According to the amount to be repaid, debit the "Administrative Expenses" account and credit the "Other Payables" account.

(2) If the restriction on restricted government subsidy income is lifted in the period in which revenue is recognized, it should be converted to non-restricted government subsidy income, debit "Government subsidy income-restricted income", and credit "Government subsidy Income-unrestricted income. "

(3) At the end of the period, transfer the balance of each detailed account of the "government subsidy income" account to restricted net assets and unrestricted net assets, debit "government subsidy income-restricted income", and credit "limited "Net assets" account: debit "government subsidy income-non-restricted income", credit "unrestricted net assets" account.

Example 1. On June 1, 2004, a municipal science and technology bureau paid 600,000 yuan to a private scientific research institution and transferred it to the bank account of the scientific research institution to organize it to carry out a basic research. The research results belong to the scientific research institution. On October 30, 2004, the basic research was concluded, and the scientific research funding subsidized by the Science and Technology Bureau was 10 million yuan. With the approval of the Science and Technology Bureau, the remaining 11 million yuan in scientific research funding is freely controlled by the scientific research institution. On December 31, 2004, the book balance of the "government subsidy income" account of the scientific research institution was 360,000 yuan, of which the book balance of the "limited income" detail account was 250,000 yuan and the "non-restricted income" detail account was The book balance is 110,000 yuan. The accounting treatment of this research institution is as follows:

June 1, 2004

Recognize government subsidy income based on the amount of government subsidy received

Borrow: bank deposit 600,000

Loan: Government subsidy income-limited income of 600,000

October 30, 2004

Part of the restricted government subsidy income restriction will be lifted in the current period when revenue is recognized, and it will be converted to non-restricted government subsidy income

Borrow: government subsidy income-limited income 110000

Loan: Government subsidy income-Unrestricted income 110000

At the end of the period 3113 of December 2004, the balances of the various subjects of the "Government subsidy income" account were transferred to "restricted net assets" and "non-restricted net assets"

Borrow: Government subsidy income-limited income of 250,000

Loan: Limited net assets of 250,000

Borrow: Government subsidy income-unrestricted income 110000

Loan: Unrestricted net assets 110000