Compliance Quiz for Nonprofits

2 Responses | Created by jadler |

There is increased scrutiny of nonprofit organizations. Nonprofits need to provide assurances that donations are properly used, that legal requirements are met and that the Board exercises proper oversight. Does your organization? Does the Board? Take this short quiz and find out.

If you are concerned about your answers, contact CEDLP. We can help.

Start here............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 for which the funds are intended?

  4. 4

    Understand the reporting requirements established by the new IRS Form 990, annual information return?

  5. 5

    File all information returns by the due dates? AG 990? IRS 990, 990 EZ or 990-N?

  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 that current programs are consistent with its stated purpose?

  10. 10

    Review the organization’s bylaws every few years?

  11. 11

    Did you mark 'no' or 'don't know' 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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