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Nonprofit Management Exam

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Nonprofit Management Exam

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25 Questions

1. What are the steps of the strategic planning process?

1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesThose being served!the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions

2. What are the steps to form a Washington nonprofit corporation?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesthe organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisionsThose being served!1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)

3. What are the benefits of being a B-Corp?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisionsThose being served!

4. What do external vision statements focus on?

the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)Those being served!

5. What % of giving towards non-profits is done by individual donors? Foundations? Companies?

6. How many categories of federal tax-exempt organizations does the IRS have?

1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)over 25the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes

7. What are the three key points of volunteer engagement?

1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes1. engaging volunteers to full potential and giving them voice 2. assessing volunteers 3. monitoring and evaluating progress towards achieving targeted impacts

8. What factors contribute towards people starting hybrids?

Having family members working in the for-profit world who inspire them to incorporate business logic into social venture and being young and having not too much experience in the business world.the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes

9. What is the talent management volunteer approach?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisionsInvesting in the infrastructure to recruit, place, recognize, and retain volunteer talent

10. What is the outline of a strategic plan?

the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes1. intro the board president/exec. director (1 page cover letter with stamp of approval) 2. executives summary (1-3 pages, references mission and vision, core future strategies, program and organizational priorities) 3. mission, vision, values statements 4. history of org 5. external environmental themes 6. summary of core strategies (theory of change or list of org's 5 core strategies) 7. program portfolio and plans (goals and objectives, plan of action) 8. business model and financial plans (explains strategy and actions for financing program plans and supporting infrastructure) 9. organizational capacity development plans 10. leadership development plans (including board development) 11. appendixes

11. What are community foundations?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesPublic charities that engage in grant-making practices similar to private foundations. Assets of community foundations are pooled from multiple sources or individuals. Grants are usually given to benefit a specific area or community.1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions

12. What are hybrid organizations?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesthe organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)Organizations that primarily pursue social missions but rely significantly on commercial revenue to sustain operations. a perfect example of this is microfinance!

13. What are some qualities of private foundations?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesthe organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)tax exempt status - may be established for a specific period of time or to carry on indefinitely

14. What are the top 15 board governance mistakes?

1. Failing to understand fiduciary duties- responsibility to act in good faith, due care, loyalty 2. Failing to provide effective oversight- ensuring that policies and procedures are followed 3. deference to executive committee, board chair, founder 4. micro-managing staff 5. avoiding hard questions 6. insufficient conflict management 7. lack of awareness of laws governing tax-exempts 8. operating with outdated, inconsistent governing documents 9. airing disagreements outside the boardroom 10. failure to cultivate board diversity 11. recruiting/selecting board members without due care 12. failing to educate and motivate board members 13. failing to document actions appropriately 14. failing to review program effectiveness and efficiency and to take follow-up actions 15. failing to hold executives accountablethe organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)

15. In 2016, how much value did Americans contribute towards their communities in volunteering?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes$193 billionthe organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)

16. What are the solutions to hybrid financing?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesthe organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)Hybrids can develop differentiated funding approaches for commercial and social activities - accessing funding from the non-profit sector (like grants) - targeting more for-profit sources of funding

17. How much nonprofit revenue comes from other places like investment income?

the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions8.3%1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes

18. Which category of nonprofits employs the most people?

Health care, with 41% of nonprofit employees (health care also has the highest amount of revenue, expenses, assets)1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes

19. What does a nonprofit program evaluation entail?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesthe organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)Collecting data about program participants or clients and accounting for what happens to them as a result of receiving services from the nonprofit

20. What is the volunteer leadership ladder?

shoppers - episodic contributors - short-term contributors - reliable regulars - fully engaged volunteers - committed leaders1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes

21. How much nonprofit revenue do charitable contributions account for?

1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)12.3%1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesthe organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions

22. What is SWOT analysis?

Strengths (internal characteristics that give advantage) - Weaknesses (int. characteristics that give disadvantage) - Opportunities (external elements that could be used to non-profits advantage) - Threats (external threats that could cause trouble)1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions

23. What was the Memorial Hospital case study?

The hospital was being inspected by the Office of the Inspector General for falsely billing medicare for hospice claims. Hospice patients were only supposed to be admitted for 180 days and 14% of the patients stayed overtime. Dirk Figuerello, the hospital president, had known about it and not said anything to his board. The hospital could try to negotiate the medicare penalty down, sell the PCC unit to a for-profit hospice provider, or look to donors to cover the money they owed.the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes

24. What does Heyman claim are the 6 defining characteristics of nonprofits?

1. organized (not necessarily incorporated) 2. private, non-governmental 3. operate under nondistribution constraint 4. self-governing 5. voluntary 6. provide social benefit1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changes

25. What was the 'Dream it, Do It' conflict of interest case study?

1. First steps - decide on the right time and envision the process - identify issues to address - decide on the basic process - determine the information needed to make good decisions - stakeholder engagement - determine the mission/vission/value statement 2. Strategic Analysis - Environmental Scan: decide the environmental forces and trends to which the strategic plan must respond - Theory of Change and Program Portfolio: the right mix of programs to act on this strategic framework; evaluating the pros and cons and threats and strengths involved with all programs and adjust accordingly - Business Model: an overall description of how the organization attracts funding - Organizational capacity: staffing, systems, structures, human resources, facilities, technology, communications, marketing - Leadership: addressing leadership effectiveness and identifying opportunities to strengthen 3. Setting the course - complete strategic plan: finalize decisions about org. direction, core strategies, results to be sought; create a final document; ensure alignment among board and staff - use the plan successfully!: set 3 or 5 year planning cycle, sync strategic planning with annual work plans and budget planning; decide how org. will monitor ongoing changesAlberto is on the board of Dream It Do it, which serves non-profit youth. He starts a for-profit company that provides marketing support for businesses. He comes to the board to suggest that the organization hire his company to revitalize the org. website for a 'generous discount.' There is a conflict of interest because he is a board member and will financially benefit from this.the organizations are designed to consider designated social purpose and impact alongside financial analysis in making business decisions1. Choose the initial directors (1 or more) 2. Choose a name (cannot have works like 'incorporation, company, etc. or be too similar to another company name) 3. Prepare and file articles of incorporation (includes information like the name of the corporation, the purpose, the names and addresses for the board of directors, the address for the office, the name and address of each incorporator, a purpose statement, etc) 4. prepare bylaws (rules and procedures) 5. Hold board of directors meeting (approve bylaws, appoint directors, set accounting period and tax year, approve initial corporation transactions) 6. set up corporate records binder (includes incorporation, bylaws, minutes of meetings)

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❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know? Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com