Shouting “Amen” at a computer screen may have seemed unusual 12 months ago, but COVID-19 has changed many ministry organizations’ approach to Sunday worship, Bible studies, and prayer gatherings. More broadly, nonprofits have been forced to significantly change their board governance, staff meetings, fundraising events, membership engagement, and other program activities. To continue carrying out such activities in the pandemic’s midst, organizations have had to move gatherings from in-person to online, using platforms like Zoom, Facebook Live, or YouTube. Likewise, many employees and volunteers now work and serve remotely as the new norm, with videoconferences substituting for in-person meetings and program activities.
What does the new Paycheck Protection Program (“PPP”) legislation hold in store? Last month, Congress passed the 2021 Consolidated Appropriations Act (“CAA” or “the Act”), and President signed it into law on December 27, 2020. The CAA contains important PPP changes that may affect current borrowers and provides additional relief for small businesses and nonprofits needing a “second draw,” but with a new income reduction requirement. Here’s the nuts and bolts.
This pandemic year has brought incredible challenges for nonprofits, regardless of size, location, or type. With January around the corner and holiday parties missing from calendars, now is an ideal season to do the next best thing – plan well for nonprofit corporate governance! Here are some top legal compliance tips for directors of nonprofit boards. Now, that’s a gift worth giving!