Nonprofit organizations across the nation are desperately in need of support during the current COVID-19 pandemic. A new universal above-the-line tax deduction may give charitable giving a much needed boost. Currently, only individuals who itemize their taxes can claim charitable deductions. Under the 2018 Tax Cuts and Jobs Act, the standard deduction was increased t [...]

GHJ Private Foundation Practice Leader Stephanie Yan and Nonprofit Expert Amber Coatney appeared on The Official Do Good Better Podcast to discuss how trust-based philanthropy is transforming the nonprofit landscape with Host Patrick Kirby. Although it is not a new concept, trust-based philanthropy has gained traction in recent years among private foundations seek [...]

Nonprofit organizations often face unique challenges when recruiting finance and accounting talent — as if finding the right talent was not already hard enough. Unlike for-profit entities, nonprofit leaders must balance their mission-driven goals with financial resources and sustainability when recruiting. According to the National Council of Nonprofits’ 2023 Non [...]

With today’s current Information Technology (IT) environment, data breaches and cyberattacks should no longer be an afterthought. Nonprofit organizations both large and small generate and manage large volumes of important information electronically and IT Security is essential to an organizations survival. An essential part of an organization’s survival and continue [...]

Accounting Standards Update (ASU) 2016-14, the new financial statement presentation for nonprofit (NP) entities, will become effective for many NPs this year (calendar year-ends) or in the following year (fiscal year-ends). What are the most important changes that our clients should be aware of and what do they actually entail? Classification of Net Assets We are mo [...]

On Feb. 15, our Nonprofit leaders sat down with Alexander Tellez of Pery Consulting Group for a a lively discussion on the challenges related to complying with government funding requirements. Topics included: Implementing new procurement requirements – policies and thresholds Updating internal controls to be in compliance with Standards for Internal Co [...]

GHJ invites you to our first nonprofit workshop of 2015, featuring a robust lineup of speakers discussing the opportunities, pitfalls and lessons learned when creating a major impact or campaign for your organization. The program will kickoff with keynote speaker: Patrick McClenahan President and Chief Executive OfficerSpecial Olympics World Games Los An [...]

How can nonprofits create impactful change? GHJ Nonprofit Partner Donella Wilson talks board fundraising and governance with KFI-AM. Listen here: Board governance and fundraising is also the topic of our latest nonprofit whitepaper. This year we took an in-depth look at how fundraising performance at the board level and striving for innovation are key strategies for [...]

GHJ held the annual Nonprofit workshop: Form 990 and 1099- MISC Reporting- Updates and Best Practices Topics covered in this workshop included: American Tax Payer Relief Act of 2012 Form 990 changes Voluntary Classification Settlement Program Form 1099-K Speakers: Richard Ruvelson, Principal, GHJ Jigna Mehta, Manager, GHJ Learn more here [...]

The results of the first-ever statewide nonprofit economic and social impact study were shared last Friday at the CalNonprofits 2014 Policy Convention in Los Angeles. One finding that struck me was that Californians who responded to the individual perspectives part of the survey expressed slightly more confidence in nonprofits to create jobs in the community and to wo [...]