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: learning@washingtonnonprofits.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 financials
B) Page 2: Statement of Program Service Accomplishments
C) Page 5: Statements Regarding Other IRS Filings and Tax Compliance
D) Page 6: Governing Body Management (board policies)

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QUESTION 2: Where are all IRS Form 990s uploaded for anyone to see?
A) MindEdge
B) WildFire
C) Paypal
D) Guidestar

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QUESTION 3: NONPROFIT financials differ from FOR-PROFIT financials in what major way?
A) Restrictions
B) Diversifications
C) Distributions
D) Restitutions

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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?

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