Question 1
Which IRS classification applies to most charitable nonprofits that provide tax-deductible status to donors?
Correct Answer:
501(c)(3)
Question 2
A board member's duty to give reasonable attention to the nonprofit's affairs and exercise independent judgment is known as:
Correct Answer:
Duty of care
Question 3
Under IRC Section 4958, 'intermediate sanctions' apply to:
Correct Answer:
Excess benefit transactions between a 501(c)(3) or (c)(4) organization and a disqualified person
Question 4
The 'donor pyramid' concept in fundraising suggests that:
Correct Answer:
A small number of major donors typically account for a large percentage of revenue
Question 5
Under FASB ASC Topic 958, net assets of a nonprofit are classified as:
Correct Answer:
Without donor restrictions and with donor restrictions
Question 1
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About this Exam

Prepare with the CNP Practice Questions - Nonprofit Leadership Alliance Certified Nonprofit Professional (CNP) Exam practice quiz. This question bank includes 100 questions covering nonprofit, donor, nonprofits, public, and typically. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CNP Practice Questions - Nonprofit Leadership Alliance Certified Nonprofit Professional (CNP) Exam

This practice set contains 100 questions from the matching question bank and focuses on nonprofit, donor, nonprofits, public, and typically. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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