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IN THIS ISSUE:
- Policy Updates: Federal Relief, MNN's 2021 Policy Agenda
- New and Continuing MNN Member Benefits in 2021
- Our Shared Sector: How Nonprofits Can Foster More Meaningful Virtual Engagement With Their Employees
- Nonprofit 411: Best Practices for Data Security with a Remote Workforce
- Free Webinars on the Paycheck Protection Program (PPP) and on Launching Capital Campaigns During a Pandemic
- Jobs and Resources
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Federal Relief Updates
On December 21, Congress passed a $900 billion stimulus package to provide additional relief related to the COVID-19 pandemic. Key nonprofit provisions include:
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Second draw PPP loans: The relief package provides $284 billion for Paycheck Protection Program (PPP) loans. Nonprofits may qualify for a "second draw" loan of up to $2 million if they 1) employ fewer than 300 people; and 2) experienced a decline in gross receipts of 25% in one of the four quarters in 2020 compared to the same quarter in 2019. Nonprofits are encouraged to contact their lenders; lenders will begin processing applications within the week. See additional information here.
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Unemployment insurance forgiveness: The law extends the 50% federal financial forgiveness of unemployment insurance costs for self-insured nonprofits through March 14, 2021. As a reminder, the FY21 state budget extended the payment deadline for these costs owed to the Commonwealth to June 30, 2021.
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Charitable giving incentive: The law extends the federal $300 above-the-line charitable deduction through 2021, and includes a $600 deduction for couples filing jointly. The law also extends for one year the previous stimulus law’s increased limits on deductible charitable contributions for individuals who itemize and for corporations.
In addition to these important nonprofit provisions, the relief also includes $600 stimulus checks to individuals and $1,200 to couples, an additional $300 per week in unemployment benefits through March 14, extends the moratorium on evictions for one month, and provides critical funding for childcare, nutrition assistance, rental assistance, and funding for vaccine distribution. Register here for an upcoming webinar on these topics.
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MNN is pleased to share our 2021 Policy Agenda. Critical to MNN’s mission is a robust public policy agenda focused on three goals important to the entire nonprofit sector: 1) helping the people served by nonprofits; 2) strengthening nonprofits’ ability to serve people and communities; and 3) ensuring fair tax policy and supporting accountability.
This agenda recognizes that nonprofits across Massachusetts and the people they serve have been profoundly impacted by the crises in public health and economic opportunity, and the ongoing pursuit of racial justice. Nonprofit organizations and their services are essential as individuals and communities recover from those crises. Policies that support a healthy, robust nonprofit sector will contribute to a sustainable recovery and elevate the quality of life for all of the Commonwealth’s residents. Read more here.
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New and Continuing MNN Member Benefits |
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Strengthen both your organization and the nonprofit sector by becoming a member of MNN today. Members enjoy a wealth of resources, including: |
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Tailored public policy, advocacy, and virtual event planning advice through MNN's monthly Office Hours.
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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 Foster More Meaningful Virtual Engagement With Their Employees |
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2020 was a year that many nonprofits experienced a new and unexpected transition into partially remote or completely remote work. As we continue to face the COVID-19 pandemic and grapple with increasing social unrest, including the recent violent insurrection at the U.S. Capitol, it is as important as ever to prioritize practicing empathy with our employees and colleagues. As we begin the year 2021, it’s important for organizations to re-examine their expectations for employees to continue conducting business as usual.
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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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Ann Donner Consulting provides substantial expertise in leading complex projects and initiatives through management and strategy advising, strategic planning, program design, implementation, evaluation and assessment, and interim management. *10% off discount to MNN members
Baker Newman Noyes (BNN) is a tax, assurance, and advisory firm that provides accounting and financial solutions with diligence, vision, and responsive client service.
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Effective Grants, LLC provides high-quality grant development, prospect research, writing, and nonprofit consultation, supporting a variety of causes including the environment, higher education, human services, youth development, and more. *Discounted hourly rate for MNN members.
Leise Jones provides photography for nonprofit groups and mission-driven companies, including event coverage, editorial photos for fundraising materials and reports, and headshots and staff profiles. *10% off first-time event photography (two hour minimum)
Listen4Good (L4G) provides direct-service organizations with the resources, coaching, and know-how to listen and respond to client feedback.
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Lubell Law provides legal services, advising on governance, regulatory compliance, fundraising, and risk management, handling business contracts and intellectual property, advising for the protection and licensing of media, and more.
Sannella & Associates provides nonprofits with executive financial management and strategic planning, including interim and part-time CFO services and the facilitation of transitioning executive positions. *Free 20 minute consultation
Stronger Consulting partners with nonprofits to design and achieve remarkable educational experiences for young people, aiding in pre-assessment, planning, and implementation stages from discrete projects to ongoing engagements.
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Best Practices for Data Security with a Remote Workforce
In response to the COVID-19 pandemic, many nonprofit organizations made significant changes to their operations, systems, controls and the way their employees were working. Now that the initial rush is over, and many nonprofits continue to operate remotely on a part- or full-time basis, this is the time to revisit whether these changes may have compromised your data security.
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Nonprofit leaders that are looking for additional funding opportunities are encouraged to join CLA to review opportunities from the new Consolidation Act passed in December 2020. In this session, we will walk through the new round of PPP funding including the opportunities for a second draw as well as a chance for new first-time borrowers. We will also highlight other credits that nonprofits could take advantage of for 2020 and 2021. Register here.
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During these times of tremendous economic uncertainty for nonprofits, launching a capital campaign may seem imprudent to many. However, a pandemic may be the ideal time for tax-exempt organizations to initiate such an undertaking because capital campaigns serve two essential purposes that are of paramount importance in a recessionary economy: building mission awareness and raising much-needed funding. Register here.
During this webinar we will discuss:
- An overview of the capital campaign process, from planning through the campaign deadline date.
- Procedural best practices for nonprofits to ensure they are following appropriate accounting, financial reporting, and fundraising guidelines.
- Recommendations for reconciliations between accounting and development, the establishment of formal gift acceptance, and contribution recognition accounting policies.
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SOAR Management Consulting Group provides pro bono management consulting services to small and midsize Greater Boston nonprofits and public agencies facing operational and planning challenges associated with organization change and growth. Since 2006 SOAR has helped clients adapt to changing economic and cultural changes, meet strategic objectives, and strengthen their governance and leadership. If you would like to learn more or utilize consulting services, please contact https://www.soarmcg.org/contact/.
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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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