Form 990 - Study guides, Class notes & Summaries

What is financial accounting? Identify, record, and communicate operational results and status of organization. What is the difference between finance and accounting? Accounting - Emphasis on recording transaction Finance - records transaction and analyze data What are the 4 most important financial accounting information? - Income Statement - Statement of changes in equity - Balance sheet - Statement of cash flows Does not-for-profit need to prepare financial statements? Yes - They m...

What is financial accounting? Identify, record, and communicate operational results and status of organization. What is the difference between finance and accounting? Accounting - Emphasis on recording transaction Finance - records transaction and analyze data What are the 4 most important financial accounting information? - Income Statement - Statement of changes in equity - Balance sheet - Statement of cash flows Does not-for-profit need to prepare financial statements? Yes - They m...

PADM 4220 Final Exam Questions & Answers 2024/2025 Module 3: The Foundation Directory Online software is available to students in this course through: - ANSWERSUNT Library home page Module 3: The annual tax return for all foundations is legally called: - ANSWERSIRS Form 990 Module 3: Once you have identified a good fit with a potential funder(s) through your donor prospecting research the next important step in the process is to: - ANSWERStake steps to build a relationship Module 3...

GOVT Test 4 Exam Questions And Answers 100% Verified 2024/2025 What is the principal advantage of having 501(c) (3) status to an organization that receives substantial support from outside contributors? A) The organization does not have to pay federal income tax. B) The organization does not have to pay state sales taxes on purchases. C) Donors to the organization may deduct their contributions as charitable donations. D) All of the above. - answerC) Donors to the organization may deduct ...

GOVT Test 4 Exam Questions And Answers 100% Verified 2024/2025 What is the principal advantage of having 501(c) (3) status to an organization that receives substantial support from outside contributors? A) The organization does not have to pay federal income tax. B) The organization does not have to pay state sales taxes on purchases. C) Donors to the organization may deduct their contributions as charitable donations. D) All of the above. - answerC) Donors to the organization may deduct ...

Emergency Medical Treatment & Labor Act (EMTALA) - correct answer ensure public access to emergency services regardless of ability to pay. Section 1867 of the Social Security Act imposes specific obligations on Medicare-participating hospitals that offer emergency services to provide a medical screening examination (MSE) when a request is made for examination or treatment for an emergency medical condition (EMC), including active labor, regardless of an individual's ability to pay. Hospitals ...

More and more, potential donors and others interested in the org are seeking information from various "watchdog" organizations, and so part of accountability is ensuring that organizations such as these have accurate information. Examples of these org's include: GuideStar and Charity Navigator What is the IRS form that constituents may request to show information about the org? IRS Form 990 What do prospects and donors want to know? confidence their own wants/needs are being ...

CFRE ExamAn annuity buyer can purchase a single-life annuity for themselves. They will be paid in installments, and when they die, the charity keeps/does not keep the principal. - correct answer keeps A buyer can purchase an annuity for themselves and their spouse, and this is called a _______________________ - correct answer two-life annuity A donor receives credit for their gift when they send a check in an envelope on what date? - correct answer date of postmark on envelope Is placin...

CFRE ExamAn annuity buyer can purchase a single-life annuity for themselves. They will be paid in installments, and when they die, the charity keeps/does not keep the principal. - correct answer keeps A buyer can purchase an annuity for themselves and their spouse, and this is called a _______________________ - correct answer two-life annuity A donor receives credit for their gift when they send a check in an envelope on what date? - correct answer date of postmark on envelope Is placin...

FACHE Finance Exam 2023 Controllership - ANS-Transaction Accounting Financial Accounting Managerial Accounting Goal Setting and Budgeting Financial Mangement - ANS-Financial Planning Pricing Clinical Services Financial Structures Securing and Managing Liquid Assets Managing Multi Corporate Accounting Auditing - ANS-Internal Audits Compliance Review External Audit Continuous Improvement of the Accounting & Finance Functions - ANS-Stakeholder Satisfaction Improve Performance Reporti...