Unit #1

Question 1

What is a 501(c) (4)

Answer 1

It is a social welfare organization

Question 2

T or F. You get a tax deduction for giving to 501 (c) (4)

Answer 2

False

Question 3

T or F. Religious organizations do not have to register but can do so if they want to

Answer 3

True

Question 4

Organizations with less than what in revenue do not have to register.

Answer 4

$5,000

Question 5

What are the five functions served by the nonprofit sector according to author Lester Salamon

Answer 5

1. Solidatrity or community belonging.
2. Service provision
3. Advocay
4. Expressive function
5. Values guardian

Question 6

What are the four impulses shaping the nonprofit sector, per Lester Salamon

Answer 6

Voluntarism, civic activism, professionalism, Commercialism

Question 7

What are the three sectors discussed in unit #1?

Answer 7

The three sectors are public, private, and nonprofit Or This refers to the
business, government, and nonprofit sectors.

Question 8

What is the non-distribution requirement for nonprofits?

Answer 8

Prohibition on profit distribution: Nonprofits are not allowed to distribute profits to shareholders, members, or managers who control the organization35.
Reinvestment of surplus: Any excess funds must be used to further the nonprofit’s mission and activities rather than benefiting private parties