Test your 2021 Budget Knowledge
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.
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?
12
13
14
20
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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