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 […]
No More Paper As we enter the primary tax return filing season (or as we CPAs call it, “busy season”), the COVID-19 pandemic continues to have a lasting impact on nonprofit operations, including annual 990 information returns. For several years, the IRS has been gradually “getting with the times” by progressively adding to the list […]
When Pete Bowen stepped in as interim CEO of Southern California based nonprofit Giving Children Hope (GCH) in 2021, he didn’t know what a passionate and capable team he was joining. Now he’s part of 15 staff members and hundreds of volunteers impacting thousands of Orange County families each year. GCH is on a mission […]
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 in February of 2016, subsequently known as, FASB Accounting Standard Codification (ASC) 842 Leases. This replaces ASC 840, which was more than 40 years old. The overarching goal of this standard is to increase comparability and transparency to financial statement readers. While this […]
In honor of Veterans Day and the countless lives who have been lost or forever changed serving our country, we’re proud to feature AMVETS and the work they do every day. Giving Back Established in 1949, the American Veterans Department of California Service Foundation (AMVETS DCASF) is committed to serve those who served. AMVETS is […]
Gifts-in-kind, GIK, in-kind, non-cash, call it what you may, the reporting principles surrounding non-financial assets such as donated goods and services have eternally been silent. This silence has led to substantial diversity in practice in the nonprofit accounting community, which has resulted in financial statements that lack comparability and consistency. Until now. In September of […]
Evergreen Alliance Interview with Instituto de Educación Popular del Sur de California (IDEPSCA) September 2021 EA: IDEPSCA has been doing some incredible things for so many years. Will you tell us more about your organization? How did you start? How long have you been around? IDEPSCA: IDEPSCA was founded in 1984 when a group of […]
PRESENT NOW started in a garage in 2012. Founders Erica Fisher and Melanie Neumann, two mothers with a passion for helping children in need, saw an opportunity to use their gifts for good and jumped on it. Built on a mission to give children in domestic violence shelters a sense of joy, comfort, and relief […]
Every organization we work with is on the frontlines of making the world a better place. They support the very things that make us human. Through art, compassion, helping people or taking care of endangered plants, our clients prioritize quality of life in all its forms. Whether by practicing conservation and recuperation efforts or providing […]
