Nonprofit Resources
Questions and Answers About the Economic Injury Disaster Loan (EIDL) Program
July 2, 2020 - The Economic Injury Disaster Loan (EIDL) program reopened applications to qualified small and agricultural businesses on June 15, 2020 after receiving more funding through congressional action. Learn about the funding available, who is eligible to receive it, and how it can be used.
Transitioning from Now to Next: Leading Through a Time of Accelerating Change
June 30, 2020 - The COVID-19 pandemic has forced nonprofit leaders to face many uncertain scenarios and make rapid adjustments to their operational models. Learn the eight things leaders say when they fear change and practical solutions for shifting mindsets.
Revenue Recognition and Lease Standards Deferrals
June 26, 2020 - FASB ASU 2020-05 allows certain companies and organizations that have not yet applied the revenue recognition and leases guidance to delay their implementation by one year.
PPP Loan Application Survey Results
June 18, 2020 - We surveyed leaders of churches, faith-based higher education institutions, and nonprofits about their experience in applying for funds through the CARES Act. Here are the results.
Loving Our Neighbors
June 4, 2020 - We ask that all of us turn our hearts, our prayers, and most importantly, our actions back to what God has asked of us: ‘You shall love your neighbor as yourself.’
Webinar for Nonprofits: Liquidity – Unprecedented Uncertainty
June 25, 2020 - What can small, faith-based nonprofit organizations do to get immediate liquidity if they do not have discretionary cash? This webinar will explore the best practices of organizations addressing the question of liquidity while facing a new level of uncertainty.
Accounting for Paycheck Protection Program Proceeds
April 27, 2020 - Many nonprofit organizations are asking about the proper accounting for Paycheck Protection Program (PPP) proceeds. Here's what to know.
Substantial Presence Test Relief for Certain Eligible Non-Resident Aliens
April 22, 2020 - The IRS has granted relief from the “number of days requirement” applicable in the “substantial presence test” to certain non-resident alien individuals who will be in the U.S. in 2020 for more days than anticipated due to travel restrictions arising from the COVID-19 pandemic.
Preparing for Paycheck Protection Program Loan Forgiveness
April 22, 2020 - If your nonprofit applied for and received a loan through the Paycheck Protection Program (PPP), it’s important to take immediate steps to ensure the funds are correctly handled and tracked during the next eight weeks.
Waiver of Time Requirements for Certain Individuals Eligible for the Foreign Earned Income Exclusion
April 21, 2020 - The IRS has granted individuals otherwise eligible for the foreign earned income exclusion to waive days of presence in the U.S. due to the COVID-19 pandemic.