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Biggest Changes In The Financial Sector

Tuesday, March 13, 2018
9:30am - 12:00pm PDT
Center for Healthy Communities
1000 N. Alameda St., Los Angeles, CA 90012
Members: $0.00
Non-Members: $100.00
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2018 will bring about sweeping changes in the financial realm for nonprofit organizations. Changes to generally accepted accounting principles (GAAP), combined with the impact of the Tax Cuts and Jobs Act, will create a new world of financial reporting and accounting. Whether or not these changes affect your foundation directly, understanding the indirect impacts will be vital as the sector evolves.

You are cordially invited to join us for a convening on financial changes in the tax exempt sector hosted and co-presented by Melissa Harman, Treasurer, SCG Board of Directors and Partner, Moss Adams LLP, and Lauren Haverlock, Senior Manager, Moss Adams LLP. This presentation and discussion will show us how the new regimes intersect and how to meet the changes head on.


Topics for discussion will include:

  • Sweeping changes to NFP Financial Reporting and GAAP
    • Key changes
    • Advance preparation
    • Advance communication, education and policy modifications
    • Pitfalls to avoid
    • Opportunities to take


  • Tax reform legislation, including changes to:
    • Fringe benefits and compensation
    • Unrelated business income tax
    • Individual, business and international provisions that may affect your foundation and its investments


  • Recent IRS news and guidance
    • Program related and mission related investments
    • Donor advised funds
    • Foreign grants



Melissa Harman, CPA, Partner, Moss Adams LLP; Treasurer, Board of Directors of Southern California Grantmakers

Melissa has practiced public accounting since 1998 and provides professional services to a wide variety of not-for-profit clients, primarily institutions of higher education, associations and foundations. Along with providing accounting and consulting services, Melissa conducts a wide variety of audits, including federal compliance audits. As a national subject matter expert for the not-for-profit industry, she regularly presents at industry conferences such as the AICPA National NFP Industry Conference, ASAE Annual Meeting, CalSAE Elevate and the Large Community Foundation Conference on subjects related to accounting updates, not-for-profit financial statement trends, endowments and split-interest agreements, issues facing private foundations and the California Transparency in Supply Chain Act. In 2015, she was honored as “Working Mother of the Year” by Working Mother magazine and is a founding member of ForumW, the firm’s initiative to attract, develop, advance, and retain talented women at Moss Adams.


Lauren Haverlock, CPA, Senior Manager, Moss Adams LLP

Lauren has practiced public accounting since 2004. She consults on a wide range of issues including public support planning, reasonable compensation best practices, tax impact of alternative investments, lobbying and political activities, unrelated business income tax planning, foreign activities, charity watchdog optimization and tax exempt bond compliance. She advises private foundations on their most pertinent issues, including tax planning related to alternative and foreign investments, structuring program and mission-related investments, charitable giving structuring, transactions with disqualified persons, expenditure responsibility and distribution planning.




SCG members: No cost to participate
Non-members: $100

Who May Attend:
This event is open to SCG members and eligible non-members, and is especially geared to financial executives, financial staff, and financial advisors.

Register online using the link above.

Up to 3 CPE credits in Accounting & Taxes are available for this session.

Program Level: Basic
Delivery Method: Group-live

Learning Objectives: After completing this training, participants will be able to:

  • Identify changes to NFP Financial Reporting and GAAP
  • Identify the changes created by Tax reform legislation.
  • Apply Recent IRS news and guidance to various types of investments and funds.


Moss Adams is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Register of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE sponsors through its website.

For more information about administration policies regarding CPE or complaints, please contact Susie Rosas at [email protected].


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