Question
1.The non-distribution constraint for nonprofit organizations means: A. Only unrelated business income can be distributed to the Board of Directors B. Nonprofit organizations cannot engage
1.The non-distribution constraint for nonprofit organizations means:
A. | Only unrelated business income can be distributed to the Board of Directors
| |
B. | Nonprofit organizations cannot engage in the distribution of goods | |
C. | Their net earnings cannot be distributed to those who control the organization
| |
D. | All of the above
| |
E. | None of the above |
2.Provide Paytons definition of philanthropy we learned in class and two (2) examples of it.
3.Nonprofit organizations classified as 501 (c) (3) charitable organizations by the Internal Revenue Service are not exempt from paying taxes on income acquired from unrelated business activity.
True
False
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