Nonprofit Compliance Quiz

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Scrutiny of nonprofits is increasing. Nonprofits need to prove to donors that donations are properly used, that legal requirements are met and that the Board exercises proper oversight. Can your organization do this? Does the Board? Take this quiz and find out. Does your organization...................

  1. 1

    Have established employment policies that are up to date with federal and state law?

  2. 2

    File all payroll withholding taxes with the state and federal government?

  3. 3

    Use restricted funds only for the specific programs that the funds are intended?

  4. 4

    Understand the reporting requirements established by the new IRS Form 990?

  5. 5

    File all information returns by the due dates? AG990? IRS 990, 990ez or 990N?

  6. 6

    Understand the lobbying and political activity restrictions and properly train staff to avoid violations?

  7. 7

    Understand how insurance will reduce exposure to risk and assure there is adequate insurance?

  8. 8

    Conduct board meetings in compliance with the bylaws?

  9. 9

    Review the application for recognition of income tax exemption (IRS Form 1023) to assure current programs are consistent with stated exempt purpose?

  10. 10

    Review the bylaws of the organization periodically? At least every five years?

  11. 11

    Did you mark 'no' for any answers? If so, you may be ignoring problems that will jeopardize the organization's future. What should you do?

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