On March 27, 2020 the Coronavirus Aid, Relief and Economic Security Act (CARES ACT) was signed into law by President Trump. After the initial $350 billion in funding ran out, an additional amount of $310 billion was authorized to assist businesses and nonprofit organizations with funding during the COVID-19 pandemic. The initial time frame of use for these loans was eight weeks, and in order to obtain forgiveness 75% had to be used towards payroll expenses and 25%...Read More
If I were to ask you to picture a teacher, you might recall a high school teacher who inspired you to follow a new path, or maybe a workshop presenter who explained some finance concept in a way that finally made sense.
When I picture a teacher, I think about someone like you. You may be like many people working within a nonprofit—an “accidental teacher” who regularly educates staff, board, community members, and...Read More
In today’s nonprofit environment, the speed and convenience of moving money and data electronically have become game changers. Nonprofits large and small are more nimble and efficient than at any other point in history.
Yet, while this speed and convenience provide amazing benefits, the downside to all that money and information electronically flowing around is electronic payment fraud.
This article was originally published at Jurassic Parliament
We’re having to adjust to a different world right now. In general, it’s always best to have an in-person meeting on matters of great importance. This provides the fullest opportunity to discuss, debate, consider alternatives, and come to agreement. When that’...Read More
The following is a list of nonprofit tax legislation impacted by the COVID-19 pandemic. Use these resources and the FAQ list on our website to learn more about how your nonprofit can receive assistance.