Midterm Flashcards
If measured by the total number of organizations, the largest subsector of charitable nonprofits is the ___________ subsector.
Human Services
If measured by total revenue, which subsector of charitable nonprofits is the largest?
Health Services
Which term identifies organizations that do not have to pay federal income taxes?
Tax-exempt
The Internal Revenue Services (IRS) classifies a charitable organization as a : _________________
501 (c)(3)
Organizations that operate under both nonprofit and for-profit legal forms are referred to as ___________ organizations.
Hybrid
What benefit created by the U.S Congress is intended to encourage charitable giving?
Income Tax deductions for gifts
T/F: A Nonprofit classified as 501(c)(3) cannot generate any profits for the organization.
False
T/F: Increased government spending on social programs in the 1960s under President Lyndon B. Johnson administration led to the dramatic growth in the nonprofit sector
True
T/F: Religious organizations are not considered charitable nonprofits by the Internal Revenue Services
False
Managers of Nonprofit organizations measure their success by ________
Achieving the mission within financial limits
The double bottom line concept means nonprofit managers must _______
Achieve the mission within financial means
The National Taxonomy of Exempt Entities divides nonprofit organizations into categories based on their ________
Purposes & activities
A nonprofit that qualifies under Section 501(c)(3) must limit its expenditure on ____________
lobbying
The Internal Revenue Service classifies a social welfare organization as a: _________
501(c)(4)
Salamon’s anatomy classifies nonprofit organizations by _____________
who receives the principal benefit of their activities
The two spectrums that define a social enterprise are philanthropic and _______________
Commercial
T/F: A Nonprofit classified as a 501(c)(3) cannot support candidates for public office.
True
Sociologists describe nonprofits as ___________
Mediating Structures
What theory attributes the existence of nonprofit organizations as filling the gap left by market & government?
Failure Theories
A majority of citizens in a community do not agree with a minority of citizens that a local nonprofit organization is needed to serve the needs of homeless citizens. This sentence is an example of ____________
Demand Heterogeneity
Lohmann describes a third category of goods as ___________ goods
Common
T/F: Nonprofit Organizations differ from government organizations in that they have more flexibility to respond to the needs of diverse groups.
True
T/F: The Internal Revenue Service does not allow nonprofits to undertake experimentation concerning the development of new programs.
False
T/F: Failure theories suggest governments cannot always pay attention to the needs of all groups.
True
Economic theories are used to explain how nonprofit organizations as gap fillers to compensate for failures of the free market and _________
Government
Salamon identifies nonprofits as ___________
Self-governing