[TheThinkTank] Accounting for sales of donated bikes

Martin, Eric Vance evmartin at indiana.edu
Sat May 23 07:17:01 PDT 2015

People give us bikes, and we sell them. This is our main income.

Should we be treating this/reporting this as related business income or as a donation (realized FMV of an in-kind donation)? What do you guys do? 

We have a fiscal agent. Let's say the answer does not affect their public support test. 

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