# Running a Nonprofit Level 4: Money, filings, and compliance (free quiz and certificate) | Get Certified for Free

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Running a Nonprofit · Level 4 of 5 · Advanced

# Money, filings, and compliance

Form 990, restricted gifts, budgets, and donor acknowledgments.

## Study notes

1. Most exempt organizations file an annual Form 990 series return. Small organizations with gross receipts normally $50,000 or less can file the e-Postcard, Form 990-N.
1. Form 990-EZ is available when gross receipts are under $200,000 and total assets are under $500,000. Larger organizations file the full Form 990.
1. Failing to file for three consecutive years automatically revokes tax-exempt status.
1. Donors need a written acknowledgment for any single contribution of $250 or more to claim a deduction.
1. Restricted gifts must be used for the purpose the donor specified. Track them separately in your books.

## Quiz: 6 questions

Choose one answer for each question, then check your answers. Score 5 of 6 to pass. Then enter your name and email to download a PDF certificate and have a copy emailed to you. Answers are graded in your browser.

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