Nonprofit Resources
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.
Mission Agencies and Paycheck Protection Program Loans
April 20, 2020 - Paycheck Protection Program loans have unique considerations for many mission agencies. We look at how to define principal place of residence and best practices for using and accounting for the loan proceeds.
Direct Financial Aid Grants for Students Under the CARES Act
April 15, 2020 - As more guidance about the CARES Act becomes available, higher education institutions have questions about the funds available to them. Here's a look at two common questions about direct financial aid grants for students under the CARES Act.
Summary of Paycheck Protection Program Loan Regulations
April 3, 2020 - The Small Business Administration has released temporary regulations on which lenders, employers, independent contractors, and sole proprietors may rely when applying for Paycheck Protection Program Loans (PPPLs).
How the Paycheck Protection Loan Program Applies to Nonprofit Organizations
March 30, 2020 - The new Paycheck Protection Loan program created by the CARES Act is designed to provide small businesses, including nonprofits, with immediate access to cash to allow them to survive the disruption caused by the COVID-19 pandemic.
Key Provisions of the CARES Act Economic Relief Plan
March 30, 2020 - The CARES Act is estimated to provide more than $2 trillion in economic aid in response to the COVID-19 pandemic. Here is a summary of several key provisions for nonprofits, churches, educational institutions, and individuals to be aware of.
What Employers Should Know About the Families First Coronavirus Response Act
March 20, 2020 - President Trump has signed the Families First Coronavirus Response Act into law. The Act includes numerous provisions relevant to nonprofit organizations and their employees.
Keeping Data Secure for Remote Workers
March 18, 2020 - Remote work has become a necessity at many organizations. Follow these five steps to create a remote working environment that supports your organization while maintaining the security of your systems and data.
How to Get the Most Out of Your Church Ratio Analysis
Effective financial ratios can give your church vital insight into your financial condition and trends. Here’s how to analyze this information to get the most out of it.
Higher Education Changes Affecting Borrower Defense Rules
Updates to the borrower defense rules will require an additional supplemental schedule in higher education institutions’ audited financial statements. They also change how the financial responsibility scores are calculated. Here’s what to know and start planning for.