Let’s Go Legal Boost #1

First, let's remember what we talked about.

The goal of this quiz is not to test your knowledge, but rather to reinforce the most important pieces that you learned about nonprofit law. If you don't answer a question correctly, don't worry. Read the correct answer and think about why how this applies to your board.

As always, if you have questions please get in touch with us: learning@washingtonnonprofits.org or (855) 299-2922.

QUESTION 1: Which of these KEY ORGANIZATIONAL DOCUMENTS set out the rules that govern the internal management of your organization?
A) Budget
B) Articles of Incorporation
C) IRS Form 990
D) Bylaws

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QUESTION 2: A 501(c)(3) is exempt from what tax?
A) Business & Occupational Tax
B) Income Tax
C) Sales Tax
D) Property Tax

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QUESTION 3: Which of the following statements is TRUE?
A) A nonprofit may not lobby.
B) A nonprofit may not endorse a candidate for office.
C) A nonprofit may not educate policymakers.

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QUESTION 4: A key element of nonprofit law is the issue of CONFLICT OF INTEREST. A board member should put the organization before self-interest. It is best practice for best members to sign a conflict of interest policy. What can your organization do to better manage conflict of interests now and before they arise?

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Second, watch this video

It is important to stay organized when it comes to legal compliance. Watch this video about SYSTEMS TO STAY ORGANIZED in STATE AND FEDERAL LAW. It gives you some ideas that you might want to implement with your board.

Third, take Two Steps Forward

We invite you to take two steps forward from where you are now. Here are two topics to explore and bring back to your organization.

  1. Deepen your understanding of advocacy and public policy.  Washington Nonprofits is launching a new toolkit on this topic in early 2019. Keep an idea on the Washington Nonprofits Institute website and the Washington Nonprofits newsletter to learn more.
  2. Learn more about nonprofits and taxes. Download the “Nonprofits and Taxes” guide for an overview on state taxes. Make sure your organization is following the rules.

 

 

Fourth, share what you’ve learned

Find the entire Finance Unlocked for Nonprofits curriculum, videos, kit, and key documents here. Invite fellow board members to watch a video.

Have questions? Connect with your peers in the nonprofit sector through the Next Level Nonprofit LinkedIn group.