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Nonprofit Connect Blog

On Thursday the House of Representatives passed the Paycheck Protection Program (PPP) Flexibility Act. Last week, the Small Business Administration (SBA) released guidance on loan forgiveness under the Paycheck Protection Program (PPP). In addition, there are several bills on the horizon that include legislation that would benefit nonprofits, including the HEROES Act, RESTART Act, and WORK NOW Act.

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On Thursday, April 23, Congress passed a bill with $484 billion in additional funding to revitalize the CARES Act. This includes $310 billion in new spending for the Paycheck Protection Program (PPP) and $50 billion for Economic Injury Disaster Loans (EIDL). “Phase 3.5” of the CARES Act, or the Interim CARES Act, is expected to be signed into law on Friday, April 24.

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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains several provisions for nonprofit organizations as our sector faces new challenges.

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This next stimulus bill from Congress may be enacted as soon as this coming Monday, March 23. The latest draft includes support for charitable organizations, but nonprofits across the nation are asking for more.

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Nonprofit Connect hosted a panel on Tuesday, March 3 on what nonprofits need to know about the 2020 Census, and we've compiled the answers from the panelists, along with resources, to provide a case for nonprofits to take action on the 2020 Census.

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On January 22, the IRS issued guidance that will help nonprofits quickly get back taxes paid on the now-repealed tax on nonprofit transportation benefits. In addition, find updates on proposed improvements to federal rules governing grants, an update on the proposed sale of the .org domain, and a reminder that the new Overtime Rule is in effect.

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The tax on nonprofit transportation benefits has been retroactively repealed. Last week, bipartisan legislation that repeals the tax was passed by Congress, and the President signed the bill into effect Friday night. The December 2017 tax law imposed an unrelated business income tax (UBIT) of 21 percent on the expenses that nonprofits incur for providing employee benefits like bus passes and employee parking.

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On Tuesday, September 24, the Department of Labor released their Final Rule regarding overtime compensation related to the Fair Labor Standards Act.

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Last week, the National Council of Nonprofits released its new impact report and interactive microsite, Nonprofit Impact Matters. This new report highlights the work of America’s 1.3 million charitable nonprofits and examines their impact on the people and communities they serve.

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The Department of Labor recently issued a rule proposal that would expand religious exemptions for all federal contractors, directly repealing current anti-discrimination provisions.

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