23203324
Description
Flashcards by Valerie Sheppard, updated about 1 month ago
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Created by Valerie Sheppard
over 5 years ago
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| Question | Answer |
| Duty of Care | Requires that directors of a tax-exempt organization be reasonably informed about the organization's activities, participate in decision making, & act in good faith & with the care of an ordinary prudent person in comparable circumstances |
| Duty of Loyalty | Requires board members to exercise their power in the interest of the tax-exempt organization and not in their personal interest or the interest of another entity |
| Duty of Obedience | Requires board members of a tax exempt organization comply with applicable federal, state, and local laws; adhere to the organization's governing documents; and remain guardians of the organization's mission |
| Fiduciary Responsibility | To treat the resources of an organization as a trust and ensure resources are utilized in a reasonable, appropriate, and legally accountable manner |
| Target Marketing | The process whereby decisions are made about which groups an organization will choose to serve within specific markets |
| Advocacy | General support for an idea or issue |
| Direct Lobbying | Asking an elected official or others who can make policy decisions to act in a particular way on a specific policy proposal |
| Grassroots Organizing | The process through which people plan and build shared efforts to work for the changes that they want on their issues |
| Outcome Goals | Has value in and of itself, not as a means to some other end |
| Activity Goals | Refer to the actual work of a program, such as the level of activities within the program |
| Chart of Accounts | Labels or categories used to organize the assets, liabilities, bet assets, income and expenses of an organization |
| Donor Pyramid | Illustration of the relationship among donors, fundraising strategies, and the form of donors' gifts |
| Planned Giving | Umbrella term for the various financial and investment vehicles that leave a gift to an organization after the donor's passing |
| Job Analysis | Techniques used to observe, record, and summarize the main components of a job |
| Donor Engagement | The process of cultivating prospective major, planned, or capital campaign donors |
| The private inurement doctrine for nonprofit organizations | Prevents distribution of profits to directors and officers |
| Organizational Effectiveness Evaluation | Used to gather information on the results of past activities for the purpose of assessing the state of an organization as a whole |
| Financial Audit | Verifies the accuracy of an organization's financial statements |
| Accrual-basis | An accounting system that recognizes a transaction whenever it creates a financial obligation |
| Optimum Reserve | The metric calculated by subtracting unrestricted income from spending in each of the past five years |
| Defined Benefit | A type of retirement plan which determines the income that an employee will receive upon retirement based on a percentage of the average compensation over all or a number of employment years |
| A Paid Time Off Policy | A tool organizations can use to encourage workers to take responsibility for their vacation and sick leave |
| Request for Reasonable Accommodation | An employee's request for a schedule change per a doctor's order |
| Operating Reserve | A pool of liquid, unrestricted assets used to supplement weak income |
| Embeddedness | The extent to which staff and their families are engaged in the organization and its community |
| Perceived Fit | A perceived alignment between the goals of the organization and one's own values and objectives |
| Preferred Provider Organization (PPO) | Rewards employees for choosing within a network but allows coverage outside of the network |
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