The term that means information skewed toward a particular belief with a tendency to have little or no factual basis is
The income most likely to be considered unrelated business income of a human service organization that provides immunizations to children in the community is
Rental of extra space in the building.
Regular sale of sweatshirts with the organization's logo on it at a price considerably above cost.
Interest and dividend income on investments.
Gain on the sale of equipment no longer needed by the organization.
The Internal Revenue Service may impose intermediate sanctions on all of the following transactions between a not-for-profit organization and its executive officer except
More than the fair rental value for property owned by the officer.
A bargain on the sale of assets.
Fringe benefits comparable to those given to all employees.
Which of the following is a reason why an NPO might fail to qualify for tax-exempt status?
It is operated primarily for the benefit of its members.
Its officers are paid excessive wages.
Its primary purpose is to promote the passage of legislation favorable to institutions of higher education.
It has unrelated business income.
Which of the following not-for-profit organizations is most likely to be tax-exempt under IRC Sec. 501(c)(3)?
Beta Kappa Alpha Sorority.
Peaceful Dreams Cemetery Association.
Regional Association of Tree Trimmers.
Survivors of Breast Cancer Club.
Which of the following is a not a true statement about tax-exempt organizations?
They must be organized to serve the charitable needs of the public at large.
They must first become a not-for-profit corporation or charitable trust.
They are permitted to do some political lobbying if guidelines are met.
Their unrelated business income is taxed at corporate income tax rates.
All of the following are examples of acts or policies that are uniform across the United Stated for not-for-profit organizations except
Uniform Prudent Management of Investment Funds Act of 2006.
Model Charitable Solicitation Act.
Uniform Executive Compensation Act.
Volunteer Protection Act of 1997.
All of the following are reasons why the Internal Revenue Service (IRS) overhauled the Form 990 for tax years beginning in 2008 except
To minimize the burden of filing on tax-exempt organizations.
To shorten the time it takes to complete a return for large not-for-profit organizations.
To enhance transparency about the organization.
To allow the IRS to efficiently assess noncompliance.
A good measure of whether a not-for-profit organization is "liquid" and can meet its short-term obligations is
Percentage of total expenses spent on the program function as opposed to support function.
Total revenues divided by total expenses.
Current assets divided by current liabilities.
Percentage of unrestricted net assets to operating expenses.
A good measure of whether a not-for-profit organization is a "going concern" and can sustain its operations into the future is
Total revenues divided by assets.
Public support divided by total fund-raising expenses.