Multiple Choice
A nongovernmental tax-exempt organization must complete a Form 990 and send it to the Internal Revenue Service:
A) Only if they have unrelated business income.
B) If they are not a religious organization, and have gross receipts of $5,000 or more each year.
C) If they have gross receipts of $1,000 or more each year.
D) Only if they are a private foundation, not a public charity.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: A good measure of whether a not-for-profit
Q20: All officers of a not-for-profit organization have
Q21: A not-for-profit typically has gross receipts of
Q22: Which of the following defines an appeal
Q23: A tax-exempt organization that receives its support
Q25: The Charleston Principles provide guidance to state
Q26: The ratio unrestricted net assets as a
Q27: The Internal Revenue Service may impose intermediate
Q28: The unrelated business income tax could be
Q29: Describe the difficulty in comparing the financial