You may use the documents presented today, and in the Dropbox, to answer the following questions.
Submit the completed survey quiz to receive your certificate of completion.

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* 1. At the end of the Fiscal year, a non-profit organization is not permitted to have a profit.

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* 2. The fiduciary responsibility of the board of directors includes the selection of stocks for investing the association’s funds.

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* 3. A treasurer who misdirects the association’s funds can be arrested.

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* 4. Only organizations that take in $25,000 in annual revenues are required to file an IRS 990 tax return.

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* 5. The role of the treasurer includes financial reporting at every regular board meeting.

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* 6. It is recommended by NSNA that at least two signatures be required for check signing.

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* 7. Debit cards are an excellent way to pay for association expenses.

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* 8. To avoid board conflicts, bank statements should only be inspected by the Treasurer who prepares the bank reconciliation.

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* 9. Only the board of directors may authorize expenditures.

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* 10. NSNA recommends that credit card statements be sent to at least one other board member in addition to the treasurer.

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* 11. The House of Delegates or the association’s voting body is responsible for approving the annual operating budget.

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* 12. A secure way of receiving state dues reimbursement is through Automatic Clearing House (ACH) transfers.

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* 13. Bank accounts must only be in the name of the organization.

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* 14. Following the annual election of the state board, NSNA requires the submission of an updated state board roster.

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* 15. Expense vouchers are outdated and not necessary.

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* 16. It is recommended that an association’s reserve fund be maintained at the following level:

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* 17. Which of the following definitions describes fidelity bonds?

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* 18. What are “internal controls?”

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* 19. For Official NSNA Constituency Status, the following must be submitted to NSNA:

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* 20. The three methods to review financial statements are:

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* 21. Common association income tax IRS forms include:

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* 22. What is the best method of ensuring that future board members will have access to your association’s important documents?

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* 23. All associations must have the following:

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* 24. Incorporation is important for which of the following reasons?

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* 25. Which of the following statements best describes what you are feeling at this time?

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* 26. Contact Information
We need to know who you are so that we can send you your certificate!

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