Question: A membership pass to the Boys and Girls Club (a private not-for-profit organization) includes unlimited rights to all facilities and a magazine subscription. Non-members do not possess these rights. How must the Boys and Girls Club account for membership dues? The dues are a non-exchange transaction, so it should report dues on a pro-rata basis determined by the length of the individual memberships. The dues are an exchange transaction, so it should report dues on a pro-rata basis determined by the length of the individual memberships. The dues are a non-exchange transaction, so it should report all dues in the year received. The dues are an exchange transaction, so it should report all dues in the year received.