Finances
________ collected from members may be used to cover the club’s administrative costs.
club dues
Why should fundraiser money not be held in an individuals' bank account?
To ensure security and accountability of funds.
Which officer ensures dues and financial forms are submitted after funds are collected?
Treasurer
This early-semester period is best for launching major fundraisers due to recruitment.
August/September
Kiwanis is an organization founded in 1915 in Detroit, Michigan. What was its original name?
Supreme Lodge Benevolent Order of Brothers
Fundraising for administrative needs are limited only to projects and activities that solicit money from _______
other members of the Kiwanis family.
A fundraiser collects both dues and public donations. Into which account must the public donations be deposited?
Service Account
Which officer is responsible for ensuring financial tasks (like dues submission) are completed, even if delegated?
President
A club receives financial support from its sponsoring organization. Identify that organization and explain its role in funding.
Sponsoring Kiwanis club; provides annual financial support
The name of the project that Kiwanis wants to raise $25 million for at some point in time.
Kiwanis Children's Fund
What classification prevents money collected from the general public from being used to benefit members of the club
501(c)(4) organization
When receiving funds, especially for cash (i.e. dues and fundraiser money), always issue a _______.
receipt
Ideally, clubs should use a book of a cash receipts to maintain copies.
Which officer documents fundraising participation and activity data for reporting purposes?
Secretary
A fundraiser is approved but violates campus policy mid-execution. Identify the required action and its financial implication.
Discontinue the event immediately, in order to prevent potential financial and institutional consequences from the university.
The name of the one day of the year that Kiwanis attempts to reach a maximum funding goal in the span of 24 hours.
Kiwanis Day of Giving
All CKI clubs are expected to pay annual dues to the International and District by <this date> each year
October 1st, and no later than December 1st.
What three pieces of information should be recorded for each financial transaction?
Income, expenses, and balance
Which officer oversees committee activity that may include fundraising event teams?
Vice President
How often should a club's financial records be audited?
Annually, after October 1st.
Following the fiscal year's end and the year-end report's completion.
To the nearest million, how much money has the Kiwanis Possibility Project raised in 2025?
$9,000,000
State the primary financial risk that oversight is intended to prevent during fundraising activities.
Exceeding the approved budget.
What financial verification process compares recorded transactions with bank statements?
Bank reconciliation
A club successfully raises funds from the general public but later uses those funds to pay for member travel to a convention. Identify which officer is directly responsible for preventing this misuse and explain the specific financial rule that was violated.
Treasurer.
The treasurer is responsible for ensuring proper use and tracking of funds.
Why should major fundraisers not be planned after April?
Loss of continuity and leadership turnover.
In 2017, Circle K partnered with this organization to provide education, awareness, and funding to supply clean drinking water and sanitation education to schools and children in Haiti during its cholera crisis.
What is UNICEF?