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Test your 2021 Budget Knowledge

An engaging and colorful illustration representing budget planning, financial graphs, and charity events, emphasizing the importance of understanding nonprofit finances.

Test Your 2021 Budget Knowledge

Are you ready to challenge your understanding of the organization's 2021 budget? This quiz will put your knowledge to the test and help you learn more about our financial decisions and strategies.

Key Features:

11 engaging multiple-choice questions.
Test your knowledge on revenue and expense management.
Understand the organization's financial health and previous successes.

11 Questions3 MinutesCreated by BudgetMaster254

What in the 2020 net operating budget for the org?

$1.1M net deficit

+$1.1M net surplus

$7.4M revenue

$8.5M expense

Why is the org able to sustain an operating loss?

We haven't spent any money in years.

We've been stacking all the extra cash.

We've operated at a budget surplus for years.

Because we want to

How much of our budgeted 2021 revenue is locked as of Monday’s budget preso?

~40%

~30%

~35%

~20%

What caused the biggest revenue decrease in 2021 vs 2020?

No 2021 gala! *sigh*

Foundations; no voter reg $s

PPP loan forgiveness didn't happen

Individual donations: rich people need to give us more money!

What area created the biggest 2021 savings vs 2020?

Supplies. We spend a lot on paperclips.

Professional fees due to legal

Tech. Twilio from less messaging.

Marketing. Paid ads & partnerships

What percentage of total 2021 expenses is personnel cost?

70%

60%

65%

50%

How many years in a row has the org been rated 4 stars on Charity Navigator?

When all else fails, say the expense savings in 2021 is due to _____.

Voter registration savings

Less campaigns

Not spending any money

Cutting the budgets in half

What events are excluded from the 2021 budget

Staff retreat, DS Summit

DS Summit, DS Gala

Staff retreat, DS Gala

DS Gala, DSS Salon

How many years can we expense our laptops?

3 years

5 years

2 years

6 years

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