For each item, is the income, when received by a tax-exempt organization, exempt from tax? All appropriate documentation is filed with the IRS. # Interest Response 1. Dividends from corporate stock received from a donor 2. Interest from corporate bonds purchased with borrowed money 3. Income from a two-week festival when all festival work is performed by volunteers 4. Income from a thrift shop when all merchandise is donated 5. Income from bingo games in a locality where such activity is legal only for nonprofit organizations 6. Income from a college's bookstore operated for the convenience of students 7. Dues from members of a golf club 8. A professional organization's income from sales of training courses to members. 9. Income from providing insurance coverage below cost to other tax-exempt organizations involved in promoting child literacy 10. Income from the sale of crafts made by handicapped patients as part of their rehabilitation