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IN THIS ISSUE:
- Policy Update: Employee Retention Tax Credit (ERTC)
- Our Shared Sector: How nonprofits can prioritize disability equity during the COVID-19 pandemic and beyond
- Nonprofit 411: 2021 Employee Retention Tax Credit - Are You Eligible?
- Jobs and Resources
- New and Returning Members
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Employee Retention Tax Credit (ERTC) |
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The Employee Retention Tax Credit (ERTC) has been a helpful tool for many nonprofit organizations in retaining employees and covering payroll costs amid pandemic-related economic uncertainty and financial stress. Initially authorized through the CARES Act to encourage nonprofit and for-profit businesses to keep employees on their payroll through 2020, ERTC was extended through the end of 2021 in the American Rescue Plan Act (ARPA). In addition, last December Congress expanded the program to allow an applicant who had previously received a Paycheck Protection Program (PPP) loan to also be eligible for ERTC. As a result, many nonprofits that had received PPP were also able to determine their eligibility for and pursue ERTC.
Nonprofits that have not yet done so are encouraged to review whether they are eligible for ERTC. Unless the program is ended earlier through the Infrastructure Investment and Jobs Act, nonprofits will be able to access ERTC until December 31, 2021. On September 17, MNN sent a letter to Congressman Neal encouraging Congress to stress the importance of retaining the program through 2021, and advocated that the program be extended and expanded through calendar year 2022. MNN will continue to track updates related to ERTC and other tax credit relief programs.
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"Our Shared Sector," a partnership between MNN and YW Boston, explores the intersection of nonprofit work and efforts across the sector to advance diversity, equity, and inclusion. Reach out here with any feedback or suggestions for Our Shared Sector.
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How nonprofits can prioritize disability equity during the COVID-19 pandemic and beyond |
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New and Returning Affiliate Members
*discount to MNN members
You can see a full listing of affiliates in our online Business Directory. Many affiliates offer discounts to our members!
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As a trusted financial partner since 1986, we take equal stock in relationships and investment performance to meet the individual needs of our clients. We pride ourselves on being the antithesis of a "one-size-fits-all" mentality, offering customized planning and investment solutions.
A member of the Top 100 accounting firms, and northern New England’s largest, we are a full-service accounting, assurance, and consulting firm, working with clients coast to coast in the US and around the world. Our range of expertise provides services to a wide array of clients from town, local, and state governments to healthcare, not-for-profit, higher education, commercial, financial services, high tech, and more.
Coaching to Potential is a strategic partner with a proven track record of helping nonprofit professionals successfully chart direction and facilitate change.
Imagine a world where most people wake up feeling inspired by meaningful work, connected with their communities, motivated to be better, and excited for things to come. Think how far we'd get! Hi, my name is Dave Manning and I formed Grow Meaningful LLC to help create that future. I believe in bringing ideas and people together to solve problems that matter so we can leave the world better than we found it. It's why I love collaborating with leaders of community-building, secular nonprofits to develop better, more sustainable organizations. I specialize in future-focused, meaning-centered, community-minded OD and strategic plans.
Hemenway & Barnes works with a broad range of nonprofit institutions, including colleges and universities, cultural and performing arts centers, hospitals and health care plans, private foundations and grant-making organizations, publicly supported entities with a broad range of purposes and operations, religious organizations and trustees of charitable trusts. We advise on corporate issues and governance, institutional advancement including planned giving, tax planning and government relations, real estate including conservation, employment, beneficial interests in estates and trusts, endowment management and litigation.
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The firm provides high quality reasonably priced financial and tax services exclusively to non-profit organizations. *1/2 off our new bookkeeping service for the first month!
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Newburyport Bank is a $1.2 billion community bank with its headquarters in Newburyport. Other Massachusetts locations include Amesbury, Salisbury, and Newbury, and New Hampshire locations include Dover, Exeter, Hampton, and Portsmouth. Newburyport Bank provides banking, cash management, and lending services to consumers, businesses, nonprofits, and municipal customers. Newburyport Bank supports local nonprofits through its Charitable Foundation, Corporate Sponsorships, and employee involvement. *Tailored accounts for nonprofit organizations, veterans, and municipal entities.
Northern Bank is a full-service bank dedicated to providing practical financial solutions to help our customers' lives and businesses grow. From deposit products to loans to payment and collections services, we work hands on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, an Equal Housing Lender, and consistently ranked among the best performing community banks in New England.
Partridge Snow & Hahn's Charitable & Nonprofit Organizations Group provides a comprehensive platform of services designed to address the complex legal needs unique to nonprofit organizations. Our attorneys provide practical guidance and creative solutions to allow for your nonprofit organization to successfully continue its operations, in spite of the impact of the COVID-19 pandemic. Our attorneys offer counsel, guidance, and advocacy to nonprofit organizations including public charities, private foundations, and other 501(c) organizations. Our firm is a regional Business Law and Litigation firm with offices in Providence, RI, Boston and New Bedford, MA.
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Rainmaker is committed to responding to the needs of your organization. We can help you create smart goals that are sustainable, achievable, actionable, and tangible through Fundraising Strategy, Leadership Development, and Strategic Planning, or with Foundations. Our work creates breakthrough results. By breakthrough we mean unpredictable positive results, outside the domain of what we already know. Let us help you break through the barriers that keep you and your organization from reaching its bold vision. *MNN members will receive a 10% discount on Rainmaker services.
Santander Bank is one of the country's largest retail and commercial banks. With a commercial presence across the country and retail branches in eight states across the economically vibrant northeast corridor, Boston-based Santander is a strong and well-capitalized partner. Santander aims to be the bank of choice in each of the markets we serve by providing competitive products, services, and advice that help people and businesses achieve meaningful progress toward their financial goals. From checking and savings accounts to comprehensive financial solutions for individuals
and businesses, Santander provides smart and convenient ways for people and businesses to manage their money.
Based in Boston, SM&C has a track record of helping clients become leaders in their fields through integrated communications campaigns that feature messaging, media coverage, digital, government relations, executive visibility and thought leadership programs. SM&C executives are frequently called on by leading non-profit institutions and Boards to help them navigate challenging and urgent issues that could impact their reputation. We work across sectors including higher education, health care, housing, real estate development, and are passionate about clients who thrive at the intersection of public policy and business. *Solomon McCown & Cence provides discounted pricing for nonprofits and foundations.
For 60 years, TSNE has provided capacity-building for organizations through a mix of operational supports, consulting services, professional development, and sector research. We are committed to equity and continuous learning to better serve the nonprofits working in their communities.
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2021 Employee Retention Credit - Are You Eligible?
The Consolidated Appropriations Act, 2021 (CAA 2021) expanded the employee retention credit (ERC). We’ve answered some frequently asked questions to help you determine whether your organization is eligible.
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The Commonwealth Institute (TCI) is currently recruiting for a new Nonprofit Forum for ED’s and CEO’s to begin fall, 2021. TCI’s forums meet on a monthly basis, provide a safe and confidential environment for members to discuss challenges and explore topics with a trusted peer group, and are professionally facilitated. Forums are limited to 8 to 10 members, and meet virtually due to the pandemic. Please contact Ann Lindsey at alindsey@commonwealthinstitute.org for more information about TCI’s forum and membership.
The Greater Boston Evaluation Network (GBEN) is a collective of evaluators and other professionals doing evaluation-related work in and around the Greater Boston region. We are an official local affiliate of the American Evaluation Association.
GBEN has a lot to offer to professionals who are interested in research and evaluation, including:
• Monthly roundtables/webinars on a variety of evaluation topics
• Monthly newsletter with event announcements, job postings, and more
• Member directory that lists local evaluators and their contact information
• Quarterly social events
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New and Returning MNN Nonprofit Members |
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MNN's work is made possible by our members and supporters including the Barr Foundation, The Boston Foundation, and the Highland Street Foundation.
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