Solved by a verified expert:Write a 10-12 page research paper (not including title and references pages). You are the Chief Executive Officer (CEO) of a hypothetical nonprofit organization. You have been hired by and report to the Board of Directors. In your paper, complete each of the following: Step One: Identify and describe the type of hypothetical nonprofit organization (educational, religious, scientific, social welfare, or political). Step Two: Assess the challenges you would face specific to the chosen organization type. (You may want to refer to a specific organization(s) facing these issues.) How would you address these challenges? Step Three: Evaluate the role of the board specific to the organization and to the CEO. What issues would you, the CEO, face in your role and in your relationship with the board? Step Four: Assess what federal and state guidelines/regulations would impact decision-making within your organization. How would you ensure that you operate within these guidelines? Step Five: Defend your method to ensure sound financial management of your organization and what reporting mechanisms you would use. Justify why these reporting mechanisms are appropriate for your organization. Step Six: Defend the type of fundraising strategies you would use for your organization and explain why you believe these strategies are relevant and the most effective. Please support your work with a minimum of ten scholarly sources in addition to the textbooks.Worth, M. J. (2014). Nonprofit management: Principles and practices (3rd ed.) Thousand Oaks, CA: Sage Publications.