Nonprofit Sector
___ charities are said to operate in the United States each year
What is 1 Million
NC requires at least _ members to constitute a Board
What is THREE?
Nonprofit apply for grants, Foundations ______ grants
What is create/ give them out?
The #1 principle of fundraising encourages organizations to
Set realistic expectations
Organizations claiming to have less than 25K in annual income should apply using
What is the 1023-EZ?
_ variations of nonprofits are permitted under the US Tax Code in addition to 501(c)(3)
What is 24?
The NAMES of the three "DUTIES" of a Board are
What are CARE, LOYALTY and OBEDIENCE
To avoid being a private charity, an organization must demonstrate
What is public involvement, public financial support, or an operating rela- tionshipwith a public (or certain other) organization.
Name an online platform that can be used for crowdfunding (hint: it will get you going)
Kickstarter
To apply for a Solicitation License in the state of North Carolina, you should first visit
NC Secretary of State website
The owner of a 501c3 NP is
Who is the public?
Board Members should NOT vote when _______ are at issue
What are Conflicts of Interest?
gifts and grants, membership fees, and/or gross receipts from the performance of exempt functions must equal ___ to be considered a supportive charity.
What is one-third?
In a direct mail campaign, you should personalize each note in some way and send it out to
Everyone on your mailing list
One advantage to email marketing is (hint: think about the many groups you need to reach).
You can have multiple/ segmented lists.
The three "most important" keys to a great mission are:
What are:
•Why does your nonprofit exist
•Whom it serves
•How it serves them
------------- suggests that "profits of a charitable organization may not be passed along to individuals..."
What is Private Inurment.
income from a trade or business, regularly carried on, that is not substantially related to the charitable purpose is called
What is UBIT, Unrelated Business Income Tax
The FOUR types of Fundraising discussed in this class were
Crowdfunding, Donor Campaigns, Email Marketing and Grants
In grant writing, this is better than not trying
What is Rejection?
The term Independent sector, or third sector, emphasizes that
Nonprofits are closely related to businesses and the government.
Board members MAY be paid so long as the compensation is
What is reasonable?
Groups excluded from the donative charity two percent rule include
Other Charities and Government Agencies
One MAJOR issue US-based nonprofits have with crowdfunding is the
Need to track donations from EACH state/ have multiple licenses
State grants range in size starting around _______
$25,000