Impact on Nonprofits

The Wyoming Nonprofit Network conducted two surveys to gather information on the impact of COVID-19 on nonprofits. We are currently working on a third survey in collaboration with some of the foundations in the state. 
March Survey Report
April Survey Report

STATE RELIEF FUNDS

Gov. Gordon signed a bill on May 20 that created three grant programs to distribute $325 million of Wyoming's $1.25 billion allocation from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act to Wyoming businesses who have experienced hardship related to the coronavirus pandemic. The Wyoming Business Council (WBC) is administering the Wyoming business relief programs. Nonprofits were excluded from this first program (Interruption Fund). Nonprofits were included in the Relief Fund and the Mitigation. Nonprofits are included in the Endurance Fund announced on October 26, 2020. Go to wyobizrelief.org for more information. APPLICATIONS: Open November 2, 2020 at 10:00 AM. Close November 18, 2020 at 8:00 PM.

PENDING LEGISLATION

The National Council of Nonprofits has put together a chart that outlines the provisions in the House-passed HEROES Act and the recently introduced Senate HEALS Act as they relate to policy priorities of the charitable nonprofit community.  All provisions are subject to ongoing negotiations and should not be considered final until a relief bill is enacted. For comparison purposes, there is a column for the CARES Act.

Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

On March 27, the House unanimously passed and President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic stimulus law intended to provide immediate relief for individuals, nonprofits, businesses, and state and local governments. Key provisions of sector-wide interest to charitable nonprofit organizations include the following:

Paycheck Protection Program 
The Paycheck Protection Program closed on August 8, 2020. SBA is no longer accept applications from lenders.

Emergency Injury Disaster Loans (EIDL)
Created emergency grants for eligible nonprofits and other applicants with 500 or fewer employees enabling them to receive checks for $10,000 within three days. More information

Charitable Giving Incentive - Creates a new about-the-line deduction (universal or non-itemizer deduction that applies to all taxpayers) for total contributions up to $300. 

Employee Retention Payroll Tax Credit - Creates a refundable payroll tax credit of up to $5,000 of each employee on the payroll when certain conditions are met.

Delayed Payment of Payroll Taxes - Allows employers to delay payment of the employer portion payroll taxes in 2020.

Economic Stabilization Fund - Creates a loan and loan guarantee program for industries that have not otherwise received economic relief in the form of loans or loan guarantees. Mid-sized nonprofits and business that have been 500 and 10,000 employees are eligible for loans under this provision. The parameters of this program is still being worked out.

The Families First Coronavirus Response Act

On March 19th, the President signed into law, H.R., 6201 The Families First Coronavirus Response Act. The bill includes a complex set of temporary paid leave mandates and employer reimbursement provisions, as well as funding for free coronavirus testing, food nutrition security, and unemployment extension. 

National Council of Nonprofits - What the Families First Coronavirus Response Act Means to Nonprofits
Department of Labor - Families First Coronavirus Act Fact Sheets and FAQs
U.S. Chamber of Commerce - Coronavirus Paid Leave Programs: Employer's Guide

The re-opening and the return of the workforce will look different for every organization. The purpose of Path Forward: Considerations and Resources for Nonprofit Re-Engagement is to help employers prepare for the return of their workforce and to help employees prepare to return to the workplace.