So You Want to Start a Nonprofit… Test Your Knowledge A City of Jacksonville Nonprofit Gateway Training Module Start Game

Rules Answer all 15 questions correctly to win. For each question, click on the button that you think is the correct answer, then click on the “Correct” button to see if you are right. Click the “Next Question” button to move to the next question. If you answer a question incorrectly, don’t worry…you can always replay the game!

You can go... All The Way! 15 $1 Million 14 $500,000 13 $250,000 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 You can go... All The Way!

Let the game begin... 15 $1 Million 14 $500,000 13 $250,000 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Let the game begin...

What is a nonprofit organization? 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What is a nonprofit organization? Correct Next Question A charitable and/or tax-exempt organization dedicated to furthering a particular social cause A An organization that is exempt from all taxes C A not-for-profit organization that is created for social groups B An organization that is created for religious purposes D

15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What is the primary difference between a nonprofit organization and a for profit organization? Correct Next Question A nonprofit organization can receive grants A A nonprofit organization can make a profit, but it has to reinvest profits back into the organization C A for-profit organization can earn a profit; nonprofits cannot B A nonprofit organization cannot support a political cause D

What is the most common type of U.S. Code 501 designation? 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What is the most common type of U.S. Code 501 designation? Correct Next Question 501 (c) 4 A 501 (c) 5 C 501 (c) 3 B 501 (c) 8 D

A tax-exempt nonprofit does not have to pay ____________taxes? 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 A tax-exempt nonprofit does not have to pay ____________taxes? Correct Next Question Any Type of Income Taxes A Any Taxes C Any Type of Employee Taxes B Any Federal Taxes D

From which resource should all nonprofit organizations seek help? 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 From which resource should all nonprofit organizations seek help? Correct Next Question CPA (Certified Public Accountant) A Marketing Executive C Clergy B Congressman or Congresswoman D

15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 In addition to the Organizational and Political Tests, what is the 3rd test organizations must achieve toreceive the most common tax-exempt status designation of 501 (c) 3? Correct Next Question Religious Test A Educational Test C Scientific Test B Assets Test D

15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 What entity does the Secretary of State require all nonprofit entities to have? Correct Next Question Advisory Board A Board of Directors C Steering Committee B Strategic Committee D

15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 When is a nonprofit organization eligible to apply for a tax- exempt designation? Correct Next Question Within 27 months of becoming a nonprofit organization A After it becomes incorporated through the Secretary of State’s office C After one year of being in operation B Within 30 days of becoming a nonprofit organization D

15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Which are critical unique skills every nonprofit leader should possess? Correct Next Question Managerial Skills A Communication Skills C Entrepreneurial Skills B Leadership Skills D

15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 When a nonprofit goes out of business (dissolves), what can it do with its remaining assets? Correct Next Question Give them to another nonprofit A Sell them and try to make a profit C Donate them to staff members B Donate them to people in the community D

A nonprofit tax-exempt designation is issued through which agency? 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 A nonprofit tax-exempt designation is issued through which agency? Correct Next Question Secretary of State’s Office A The Internal Revenue Service C The Department of Revenue B Tax Collector’s Office D

A nonprofit’s Board of Directors has the power to ___________: 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 A nonprofit’s Board of Directors has the power to ___________: Correct Next Question Withdraw money at-will from the nonprofit’s bank account A Designate one board member to make all financial and operation decisions without board approval C Revoke the nonprofit’s exemption status B Hire and fire the nonprofit’s CEO/Executive Director/President D

15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 It is widely considered appropriate for a nonprofit’s Board of Directors to hire the ___________. Correct Next Question Chief Operations Officer A Chief Strategy Officer C Chief Executive Officer B Administrative Assistants D

Every nonprofit should have a _________ in place. 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Every nonprofit should have a _________ in place. Correct Next Question Vision Statement A Board of Directors C Mission Statement B All of the above D

15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 $1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 For long-term sustainability and financial stability, nonprofits should consider: Correct Finale Diversifying revenue sources A Spending as little as possible on all expenses, including salaries C Having no more than five staff members B Hosting several fundraising events each year D

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