The organization Shelter the Needy is completing its Form and it is trying to determine if it has unrelated business income on which it must pay taxes. Which of the following would be subject to unrelated business income taxes?
A The Shelter sold art work it had received as a donation.
B Volunteers raised several thousand dollars in a marathon sponsored for the benefit of the Shelter.
C The Shelter earned revenues from the selfservice laundry facilities it provides for the benefit of tenants of its lowincome temporary housing facilities.
D None of the items listed would be subject to unrelated business income taxes.
A good measure of whether a notforprofit organization is a "going concern" and can sustain its operations into the future is:
A Total revenues divided by assets.
B Percentage of unrestricted net assets to average monthly operating expenses.
C Percentage of program expenses to total expenses.
D Fundraising expenses as a percentage of public support.
A good measure of whether a notforprofit organization is efficient in its fundraising efforts is:
A Fundraising expenses as a percentage of public support.
B The ratio of program expenses to number of clients served.
C Total revenues divided by total expenses.
D Percentage of program expenses to total expenses.
A