{
  "version": "1.16.0",
  "releasedAt": "2026-09-07",
  "kpi": {
    "rogueId": "finance.np_special_events_net",
    "slug": "np_special_events_net",
    "domain": "finance",
    "defaultLabel": "Special Events, Net of Direct Costs",
    "description": "Revenue from galas, walks, auctions and similar events, stated NET of the direct benefit costs given to attendees (meals, entertainment, prizes). Reported net because the gross figure flatters the result: an event that raises a large gross and spends most of it on the venue has not funded the mission.",
    "fieldType": "currency",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "preSeed",
      "seed",
      "seriesA",
      "seriesB",
      "seriesC",
      "public"
    ],
    "defaultOwningFunctions": [
      "Finance",
      "Development"
    ],
    "stageRelevance": {
      "preSeed": "core",
      "seed": "core",
      "seriesA": "core",
      "seriesB": "core",
      "seriesC": "core",
      "public": "core"
    },
    "definitionSource": {
      "tier": "published",
      "sourceName": "FASB ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities",
      "sourceUrl": "https://www.fasb.org/projects/completed-projects",
      "sectionRef": "ASC 958-605 (special events, direct benefit costs)",
      "publicationDate": "2016-08-01",
      "attributionNotice": null,
      "authorityLevel": "recognized-standard"
    },
    "formula": "Gross special-event revenue for the period less the direct cost of benefits provided to attendees. Fundraising labour and promotion stay in fundraising expense, not here.",
    "whyItMatters": "The net figure is the honest one, and it is the figure a watchdog rating and Form 990 both read.",
    "interpretationGuidance": "A net close to zero is a signal that the event is a cultivation activity rather than a revenue one — which can still be the right call, but should be said out loud.",
    "relatedKpiIds": [
      "finance.np_total_support_revenue",
      "finance.np_fundraising_expense"
    ],
    "metricBasis": {
      "timeBasis": "period_flow",
      "moneyBasis": "recognized_revenue",
      "production": "primary"
    }
  }
}