When an organization engages in a business activity, and regularly carries it on and it is not related to its mission it is likely to be found by the IRS to be subject to an ____________
What is an Unrelated Business Income Tax (UBIT)
100
These are filed with the Secretary of State when you are starting your nonprofit and identify the mission and the initial officers of the Nonprofit.
What are the Articles of Incorporation
100
The two elements of Carver's Governance Model referring to the Role of the Board and the Role of the Executive Director are__________ and _____________
What are Ends and Means
200
A Social Welfare or advocacy organization is created under what provision of the IRS Code
What is a 501(c)(4)
200
A zoo or a museum is this type of Foundation
What is an Operating Foundation
200
This 12 month period is selected by a nonprofit for purposes of their financial accounting
What is a Fiscal Year
200
These are prepared for the Nonprofit and cover election and terms of officers, members, dues, voting rights and other operational rules for the organization
What are the Bylaws
200
The nonprofit sector is sometimes referred to this name, particularly overseas
What is a NGO, non governmental organization
300
A Nonprofit formed for the mutual benefit of a community or group of people behind a common interest is formed under this section of the Internal Revenue Code
What is a 501(c)(4)
300
A Private Foundation may only donate money that is consistent with its broad purpose contained in its _______________
What is its Mission Statement
300
In a Nonprofit the term "profit" refers to as the excess of ______________ less ___________.
What are revenues less expenses
300
A Member of the Board is said to have this type of duty to the organization
What is a Fiduciary Duty
300
This is said by Dave DeRoos to be leading indicator of future behaviour
What is Character
400
A Foundation is formed as this type of Nonprofit
What is a 501(c)(3)
400
This type of Foundation receives donations and manages the funds then distributes them to causes that people have selected or types of organizations that the Foundation board has selected
What is a Community Foundation
400
These accounting principles need not be followed but are universally applied by many nonprofits if seeking grants and funds from certain organizations
What is GAAP- Generally Accepted Accounting Principles
400
The Three Duties of Care commonly recognized and found in the Sibley Hospital Case
What is the 1 . Duty of Care 2. Duty of Loyalty and 3. Duty of Obedience
400
A person who starts and organization and is wedded to original concepts and not adaptable to change is ofter referred to as having the Nonprofit malady of _______________
What is Founder's Syndrome
500
In order to comply with IRS laws a Nonprofit generally must file one of these annually, similar to a tax return.
What is a 990
500
A Member of a Foundation Board who is paid substantially more than other Board members while performing similar tasks is likely to be found to be engaging in an _________ _________ _________
What is an Excess Benefit Transaction
500
A nonprofit is generally speaking exempt from this type of tax
What is Income Tax
500
The Sabranes Oxley Act includes two policy provisions that are applicable to nonprofits
What are 1. Whistleblower policy and 2. Document Retention and destruction policy
500
This California Statute was enacted to promote good governance and ethical behaviour in nonprofits