In early 2021, when most everyone was still hunkered down at home in the midst of the COVID-19 pandemic, stockpiling toilet paper and water, and becoming video conference experts, an intrepid group of accountants quietly opened a new public accounting firm in Southern California. The name, Evergreen Alliance, was inspired by our founding partners’, […]
Exemption from federal income tax carries significant responsibilities and restrictions, especially regarding transactions with related parties, also known as “insiders.” Leaders must understand these rules to protect both their mission and their organization’s tax-exempt status. At the heart of the IRS’s oversight of insider transactions are prohibitions against private inurement and excess benefit transactions. These […]
Evergreen Alliance is pleased to announce the appointment of Melissa Roshnaye as Partner in the firm’s Audit department and Rebecca Christiansen as a Partner in the firm’s Tax department, effective January 1, 2026. Melissa has been with Evergreen since day one, working as a Principal with Managing Partner, Stacey Bergman, to build the foundations of a […]
This month, we are excited to shine a spotlight on one of our incredible clients, the Children’s Museum of Discovery (CMoD). For 25 years, CMoD has been inspiring young minds and strengthening families through hands-on play, creative exploration, and educational opportunities for all. From its roots as a small traveling program to its current role […]
The One Big Beautiful Bill (OBBB) contains several provisions that will have an impact on your donors in 2026. That means that there are tax planning techniques that can be used before the end of 2025. You can include some of this information in your year-end campaigns to encourage giving before year end. Be the […]
On Thursday, July 3, 2025, Congress passed H.R. 1, a significant tax package with implications for both taxpayers and nonprofit organizations. The bill was signed into law by the president on the 4th of July. Here are some of the major provisions that will directly impact nonprofits and their ability to serve communities nationwide. Universal […]
In April, we had the privilege of connecting with Maureen Wilmot, Chief Operating Officer for the Earthquake Engineering Research Institute (EERI). We discussed the growth and goals of the organization, those who contribute to the organization, and the programs they offer. Tell me about your organization. How did you start? How long have you […]
In August 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-08, which provides guidance on the accounting and disclosure of crypto assets for organizations, including nonprofits. With the growing presence of cryptocurrencies and other digital assets in both investment portfolios and transactions, nonprofit leaders must familiarize themselves with these updated standards […]
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 […]
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 […]
