NLN Finance Unlocked Boost #2 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 boards. 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: firstname.lastname@example.org or (855) 299-2922. QUESTION 1: Which of these are key pages of IRS FORM 990 for most nonprofits?A) Page 1: Summary of financialsB) Page 2: Statement of Program Service AccomplishmentsC) Page 5: Statements Regarding Other IRS Filings and Tax ComplianceD) Page 6: Governing Body Management (board policies) A B C D HintEven if your organization is too small to complete the full IRS Form 990, page 6 is something to look at to ensure that you are doing as much as possible to avoid fraud. QUESTION 2: Where are all IRS Form 990s uploaded for anyone to see?A) MindEdgeB) WildFireC) PaypalD) Guidestar A B C D HintWhat is MindEdge? It is a provider of online learning offered in partnership with Washington Nonprofits. QUESTION 3: NONPROFIT financials differ from FOR-PROFIT financials in what major way?A) RestrictionsB) DiversificationsC) DistributionsD) Restitutions A B C D HintNonprofits receive money that is restricted by donors. QUESTION 4: An important reason to learn about nonprofit finance is to keep your organization compliant and legal. Name ONE PRACTICE that your organization could put into place to help keep it legal and compliant?HintThere are many possible answers. Some include: keeping a calendar of key dates and deadlines, making compliance a job for the executive committee or an individual on the board, review financial reports to ensure they give information needed around restrictions, and review all policies related to financials (in-kind tracking, gift acceptance policy, restriction policies). What additional thoughts do you have about your financial policies? Your Name Your Email Address Time is Up!