Author: Allison Morris

CA Law Doubles Down on Noncompliance with Attorney General’s Registry of Charities and Fundraisers

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California Assembly Bill 488 (AB 488), which was signed into law in 2021 and took effect on January 1, 2023, had a significant impact on nonprofits. The law introduced new regulations for charitable fundraising on internet platforms, aiming to increase transparency and protect donors. While the main purpose of the bill was to expand regulation […]

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How to Prevent Fraud in an Exempt Organization

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Fraud within an exempt organization will never be 100% preventable. However, understanding the characteristics and typical signs associated with fraudulent behavior can help mitigate some of the risks posed to an exempt organization, specifically a smaller exempt organization where complete segregation of duties may not be feasible. Common Fraud The most common type of fraud […]

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The Youth Center Shares 5 Tips for How to Build a Nonprofit to Last

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Last month we had the opportunity to interview Lina Lumme, Executive Director and CEO of The Youth Center in Los Alamitos, California, where she shared key learnings from the organization’s 70-year history. The Youth Center is a nonprofit dedicated to transforming the lives of Orange Country children and teens through educational, recreational, and social after-school […]

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Nonprofit Accounting Quick Tip #3 Recording Gifts In-Kind

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We’ve reached the end of our three-part series on Nonprofit Accounting Quick Tips, but not before we talk about how to properly record non-cash (in-kind) gifts. It is inevitable that most charitable organizations will receive non-cash contributions at one point or another. Non-cash contributions can take the form of goods, securities, supplies, or services. Properly […]

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Exempt Org Budgeting 101

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Creating and maintaining a fiscally responsible budget is something that many exempt organizations struggle with on an annual basis. Monitoring financial stability and tracking financial goals is a significant component in any business, but it is possibly more important for an exempt organization due to the responsibility owed to the public. As most calendar year-end […]

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Family Promise of OC Helps Orange County Families Overcome Homelessness

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In 1981, Karen Olson, founder of Family Promise, was walking down the streets of New York when a homeless woman asked her for help. Karen stopped and bought the woman named Millie a sandwich and then stayed to listen to her story. Millie shared with her what homelessness felt like and how people treated her. […]

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Nonprofit Accounting Quick Tip #2 Segregation of Duties

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Last month we kicked off a 3-part series of Nonprofit Accounting Quick Tips for maintaining best accounting practices. Today we’re talking about the Segregation of Duties. Though it may be tempting to assign one person all financial related tasks, especially if you have a small or new organization, it’s critical that you segregate duties when […]

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Nonprofit Need-to-Know: CalSavers Retirement Savings Program

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California implemented a new law mandating all companies with five or more employees offer a retirement plan to all workers by June 30, 2022. Organizations that do not have a retirement plan in place can register with CalSavers, the state-sponsored individual retirement account (IRA). And you guessed it, nonprofit organizations are not exempt from this […]

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Nonprofit Accounting Quick Tip #1 General Tasks

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Proper record keeping is the foundation of any healthy organization but getting the books in proper accounting shape can be overwhelming. In this series we’ll be sharing simple, bookkeeping quick tips for maintaining best practices when it comes to a nonprofits’s accounting functions. Accounting General Tasks Schedule time on your calendar to tend to the […]

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How to Prepare for a Financial Statement Audit (the Easy Way)

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Getting a financial statement audit sounds at most terrifying and at least intimidating. Coming from this side of the table (the people who do the auditing), we promise it doesn’t have to be either. It might not be the highlight of your year, but if it’s on your list of to-dos, then we’ve listed out […]

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