Losing your tax-exempt status or your good standing with a state agency can be a stressful experience for any nonprofit. However, understanding why it happened and how to regain your status is the first step toward getting back on track. Whether the revocation or loss of good standing stems from the Internal Revenue Service (IRS), …
Nonprofits purport to serve advantaged communities. White-led nonprofits cannot earnestly do so until they reform the implicit bias in their hiring practices.
In the wake of the chaos of applying for a loan under the Paycheck Protection Program (PPP), borrowers are now uncertain if they even qualify for the PPP loan they have already received. The Small Business Association (SBA) released an updated FAQ with guidance that should make borrowers think harder about the required certification they …
While the pandemic is hitting the entire nonprofit sector very hard, the Covid-19 impact on arts nonprofits has been particularly acute. In good part this is because the social distancing necessary to combat the virus is so antithetical to the very nature of our cultural gathering spaces. The impact is also being deeply felt by …
In addition to the relief provided to nonprofits by the Federal Government, discussed in more detail on our COVID-19 resources webpage and in earlier blogs, Governor Gavin Newsom has unveiled new resources to help small businesses, including nonprofits, in California. Loan Guarantees for California Nonprofits California is allocating $50 million for loan guarantees to small …
Yesterday’s launch of the Paycheck Protection Program (PPP) was a chaotic mess. More frequently than not, nonprofit executives and business owners were frustrated by their inability (at no fault of their own) to apply for PPP loans. PPP to Aid Distressed Nonprofits The PPP was approved by Congress last week to provide forgivable loans to …
