Under the California Nonprofit Integrity Act of 2004 (the Act), charities with gross revenues of $2 million or more must establish and maintain an audit committee. The $2 million threshold excludes grants received from governmental entities if the nonprofit is required to provide accounting on how the grant funds are used. Member Composition Considerations: The aud [...]

Originally printed in February 2018 issue of Los Angeles Business Journal The 2017 Tax Reform Act that was passed on December 22, 2017 has significant changes that impact tax exempt organizations. As trusted advisors serving more than 100 nonprofit clients, GHJ has highlighted select provisions of the Act. Here is a summary of the changes: PROVISION: DISALLOWED FRI [...]

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 [...]

Excerpt from the GHJ Nonprofit Whitepaper, Board Governance: The Path to Nonprofit Success GHJ Manager Amy Eybsen recently sat down with Lauren Petersen, Foundation and Donor Relations Manager at OneOC, a nonprofit in Orange County, California. AMY: I have heard feedback from clients regarding certain fundraising management software solutions that work well and so [...]

Originally posted in TLNT. Everyone knows the importance of increasing board diversity at nonprofits — but there are barriers that hinder diversity, equity, inclusion and accessibility (DEIA) efforts. In fact, according to Fundraising Voices, only 22 percent of board members nationwide come from underrepresented backgrounds. Further, according to the 2021 Leading Wit [...]

Any organization can develop a clear identity and mission, but how can a nonprofit amplify the public’s awareness — for fundraising, attracting volunteers or bringing attention to critical issues? Many nonprofits have benefited from Google Ad Grants to reach these goals (and more), not only for expanding their organizations’ reach, but also for developing tools to sus [...]

One of the basic responsibilities of a Board is to ensure there are adequate financial resources for the organization to fulfill its mission. Striving for the desired three-to-six months of operating cash reserves is never easy, and we continue to see nonprofits struggle with limited cash operating reserves. Not having sufficient cash reserves makes it difficult to de [...]

Having a strategic plan is essential to ensure a nonprofit’s vision and mission are fulfilled. Not every plan is a strategic plan though, and too often strategic plans collect dust on a shelf, rather than being a living and breathing document. TCC Group’s "Ten Keys to Successful Strategic Planning for Nonprofit and Foundation Leaders" is a great resource for Board’s a [...]

On Friday, August 29, 2014, the Council on Financial Assistance Reform (COFAR) released the second set of FAQs related to understanding and applying the new Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, otherwise known as the Supercircular. Over two hundred questions and comments have been received from grantors, grant [...]

Originally published in Los Angeles Times. Nonprofits have always been important pillars of the community. Last year, organizations, such as the YWCA Greater Los Angeles (YWCA GLA), were on the frontline to provide much-needed social services to those impacted by the COVID-19 pandemic. YWCA GLA President and CEO Faye Washington has dedicated her career to community [...]