Quiz: Introduction to the Nonprofit Sector by studyfun | Mar 18, 2016 | 0 comments Welcome to your Quiz: Introduction to the Nonprofit Sector (USA) If you are studying in the USA - answer the following: Which of the follow is NOT used to describe the ‘third sector’? Not-for-proft sector Voluntary sector Tax Exempt sector Social sectorIn order to qualify as a 501c3 non-profit organization, an organization has to pass the following three tests: Purpose, lobbying, mission Purpose, vision, compensation Purpose, lobbying, compensation Compensation, purpose, missionTrue or False? The main difference between the private sector and the non-profit sector is that non-profit organizations do not have to pay any taxes to the IRS under United States Tax Code. True FalseIn order to qualify as a 501c3 non-profit organization, an organization has to pass the following three tests: Purpose, lobbying, mission Purpose, vision, compensation Purpose, lobbying, compensation Compensation, purpose, missionTrue or False? There are two divisions of 501c3 organizations: public charities or private foundations. True FalseOrganizations with more than ________in gross receipts must complete an annual report using the IRS Tax Form 990 or a Form 990EZ. $25,000 $35,000 $10,000 $50,000According to the chapter, what accounts for the majority of revenues for non-profit organizations? Philanthropic donations Fees for services and goods Government grants Investment incomeTrue or False? According to the Giving USA 2009 report, philanthropic contributions decreased significantly due to the economic crisis. True FalseIn the U.S, which of the following organizations does not qualify for 501(c)3 status? Habitat for Humanity National Rifle Association The Humane Society The Nature Conservancy None of the aboveTrue or False? A nonprofit organization may be constituted as either a trust or a nonprofit corporation under U.S. federal law. True FalseTrue or False? In the United States a charity is a distinct legal entity. True FalseBe sure to click Submit Quiz to see your results! Name Email Time is Up!