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Unit+Exam+2++Study+Guide+Spring+2013

D all 501 c 4 organizations 4 15 which of these tax

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d. All 501-c-4 organizations.
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4 ______ 15. Which of these tax-exempt organizations can engage in political campaign intervention/electioneering without restrictions on level of activity? a. All nonprofits. b. All nonprofits with the exception of 501-c-3 nonprofits. c. Only 501-c-4 organizations. d. Only 527 political organizations ______ 16. An environmental group wants to rally public support for an upcoming bill. It prints a large advertisement in the paper calling on the public to support the law. The advertisement lists the names and phone numbers of all legislators who will act on the bill. This organization’s activities will probably be considered : a. Direct lobbying b. Grassroots lobbying c. Electioneering d. Advocacy ______ 17. The board of directors of this same environmental organization also contacts their state legislator to ask for their support on the bill. This activity would be considered: a. Direct lobbying b. Grassroots lobbying c. Electioneering d. Advocacy ______ 18. The largest portion of charitable gift revenue for nonprofits comes from… a. Foundations b. Corporations c. Individuals d. Bequests ______ 19. What is required of nonprofits by the Sarbanes-Oxley Act of 2002? a. A whistle blower policy and a document destruction policy b. A whistle blower policy and filing the new 990 c. A document destruction policy and a conflict of interest policy d. Sarbanes-Oxley does not apply to nonprofits
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20. The Principles for Good Governance and Ethical Practice outline the best practices for nonprofit organizations in the following areas: 1) _______________ and __________ 2) ____ _____________________________ 3) ______________________________________ 4) _________________________________________ II. 990 Questions: (5 points each) Using the attached 990 Form, answer the following questions. You can use a calculator. 1. How much gross unrelated business income did the organization earn? UBTI $___ 2. Will this organization have to pay any unrelated business income tax? Why or why not? 3. Calculate the Fundraising Ratio for this organization; show your work: ____________% 4. Are donations made to this organization tax deductible? Why or why not? 5. Did the organization earn more from donations and grants or from their programs? How have
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d All 501 c 4 organizations 4 15 Which of these tax exempt...

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