Nonprofit Quiz Answers
Which THREE of the following are examples of drivers of collaborations and mergers?
- A financial recession - A desire to reduce overhead expenses - Shifting demands of government funders
What two things constitute the double bottom line of nonprofit success?
- Achieving Mission - Achieving Financial Sustainability
Which TWO of the following are major functions nonprofits perform in relation to government?
- Attention to minority needs - Accommodate diversity
Which THREE of the following are conditions for collective impact?
- Backbone support - Mutual reinforcing activities - Shared measurement
Which of the following are components of a typical grant proposal?
- Budget - Executive summary - Statement of need
Which of the following are common solicitation methods used by nonprofits to raise money.
- Direct mail - Events - Personal solicitation
Which TWO of the following are obstacles to collaboration?
- Egos - Brand identity
Which of the following would constitute a risk that a nonprofit might prepare for?
- Fire - Law suit - Failing to achieve the mission
Match the following life stages of nonprofits with their appropriate stage in the cycle.
- Ground and grow 3 - Imagine and inspire 1 - Review and renew 5 - Produce and sustain 4 - Found and frame 2
Which TWO of the following perspectives are considered in the balanced scorecard approach to monitoring performance?
- Innovation and learning - Customer or client
What are TWO of the primary characteristics of nonprofit organizations?
- Noncompulsory - Mission driven
What are the TWO types of 501(c)3 organizations?
- Private foundations - Public charities
What are TWO mechanisms for nonprofit accountability?
- Self-regulation - Requirements of law
Which THREE are expressive purposes of nonprofits?
- Social institutions - Process and involvement - Nurture society
Which THREE of the following are key financial statements used by nonprofits?
- Statement of activities - Balance sheet - Statement of cash flows
Which THREE characteristics below area among those that define nonprofit organizations?
- Voluntary - Self-governing - Organized
The simplest type of collaboration is an alliance and them more complex type is an affiliation.
False
The three generations that predominate nonprofit staff and volunteers today are Gen X, Millennials, and Gen Z.
False
There are approximately how many registered tax-exempt organizations in the United States?
1.5 million
Which of the following motivation theories assumes people have different needs during the various stages of their lives?
Erikson's life stages theory
A major gift is defined as a gift over $5,000.
False
An example of a collaboration would be when the state government contracts with a nonprofit to deliver public services.
False
An example of a gift-in-kind would be when a donor writes a $100 check for a nonprofit to pay its operating expenses.
False
An unmodified audit determination indicates the nonprofit has serious problems with its financial statements.
False
Benchmarking is when an organization measures itself against the goals and objectives it set in its strategic plan.
False
If a nonprofit carries out its mission in a purely philanthropic mode of operations, it charges nothing to beneficiaries and pays full market price to suppliers.
False
It is important to reach out and consult stakeholders during the every step of the strategic planning process.
False
Nonprofit managers should expect to be able to influence and motivate all employees in their charge.
False
Nonprofits are closed systems.
False
Nonprofits make up the private sector of our socio-economic society.
False
Nonprofits must file IRS Form 1040 annually.
False
The most successful volunteer programs are those that allow volunteer to define their own roles.
False
A nonprofit's case for support should explain the reason the organization seeks donations and justification for why someone should give to the nonprofit.
True
A spot volunteer is one who participates casually, usually on a single occasion.
True
Capacity building is the process of developing, sustaining, and improving the delivery of a nonprofit's mission.
True
Charity is defined as giving to meet human needs and alleviate suffering, whereas Philanthropy is defined as long-term investment in societal infrastructure.
True
Codes of conduct and conflict of interest policies are examples of internal controls.
True
Endowment funds are those invested by the nonprofit, from which the earned interest is used by the nonprofit.
True
Goal displacement occurs when a nonprofit veers from its original, tax-exempt mission because it wants to satisfy a donor's wishes.
True
Government Failure Theory assumes that nonprofits fill the gaps and provide services that governments cannot provide.
True
Nonprofits are accountable upward to donors and the government, downward to clients or communities, and inward to staff and mission.
True
Program evaluation is conducted by parties external to the nonprofit, while performance management is carried out by parties internal to the nonprofit.
True
Restricted funds are those which are designated by the donor for certain purposes and my not be used randomly for general operating expenses.
True
Strategic planning is looking at where you are now, where you want to be, and how you're going to get there.
True
The National Taxonomy of Exempt Entities (NTEE) divides nonprofits into 26 major groups under 10 broad categories, with 600 subcategories.
True