10 Questions - 30 to 90 word answers

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2646611_

Business Finance

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please see the attached before bidding.

Questions are 14-1 to 14-10.

Answers must be at least 30 words to max 90 words.

Be specific when required.

No plagiarism, No grammar errors, No overdue, please.


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14. What is an IRC Sec. 527 7. organization? Are these organizations tax-exempt? What filing requirements have been imposed on 527 organizations by campaign finance laws? 14- What are excessive benefits and 8. what are the consequences of paying/receiving excessive benefits? 14. The financial manager of a not-for- 9. profit child care center wants to improve the monthly report to the board and has decided to include performance measures. What are the benefits of providing performance measures? How will board members be able to determine if the centers' performance is “good” or “poor”? 14- What are articles of incorporation 10. and how do they differ from by- laws of a NFP organization? Questions 14. Identify which level(s) of 1. government regulate(s) NFP organizations and identify the source of authority. 14- Explain a major difference 2. between a 501(c)(3) tax-exempt organization and a 501(c)(7) tax- exempt organization. 14- What is the purpose of the Form 3. 990? Because there are different types of Form 990, explain how an NFP would know which type it must file. 14- What are the distinguishing 4. characteristics between a public charity and a private foundation? What is a public support test and how does it relate to public charities and private foundations? 14- Discuss what, if any, political 5. activity can be undertaken by a charitable NFP organization. 14 How can a not-for-profit museum 6. ensure that its gift shop activities will not result in an unrelated business income tax liability?
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Explanation & Answer

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Running head: QUESTIONS AND ANSWERS

Questions and Answers
Student's Name
Course Number-Name of Course
Instructor’s Name
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QUESTIONS AND ANSWERS

2
Questions and Answers

Questions 14.1
The level of government that regulates NFP organizations is the federal and the state level.
They get the authority from the particular state’s attorney general office.
14.2
A 501© (3) tax-exempt is for organizations which are not profit oriented and include religion,
public safety, and sports competition. A 501© (7) tax is mainly for social clubs, and they are also
tax exempt. These clubs under 501 © (7) receive their funding from the fees paid by members or
their dues.
14.3
The purpose of Form 990 is for reporting the activities to the...


Anonymous
Just what I was looking for! Super helpful.

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