Author Archives: YPTC

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Staying Afloat: Arts & Culture Series 4: Last Minute Questions & Updates

In this fourth installment of our Staying Afloat: Arts & Culture Series, Justine Townsend reviews some last minute questions and updates related to the Shuttered Venue Operators Grant. Topics covered include: Tax return(s) Form 4506-T Proposed budget Current employee list and February 29, 2020 payroll List of venues Marketing materials Job descriptions or contracts required

Staying Afloat: Pandemic Relief Option Updates

In this alert we have several important updates to share with you about the Paycheck Protection Program (PPP), Shuttered Venue Operators Grants (SVOG), Economic Injury Disaster Loans (EIDL), and the Employee Retention Credit (ERC).  Related to the pandemic, we also have a new announcement to share from one of the charity watchdog organizations.  What You Need to Know The deadline to apply

Piggybank

Staying Afloat- Arts & Culture Series 3. Getting Ready for the Shuttered Venue Operators Grant: The Financial Stuff!

In this third installment of YPTC’s Staying Afloat: Arts & Culture Series Justine Townsend covers the financial documents required for all SVOG applicants.   Important Reminders:  The SVOG application portal opens on April 8th!   Your SVOG grant will be reduced by any PPP loan amounts received on or after 12/27/20.  If applying for both a PPP loan and an

On Demand Webinar: Leader of the Pack

This webinar was presented on March 30, 2021 Charitable organizations are being rated, reviewed, and ranked by charity watchdog organizations who gather information about your organization from Form 990s, annual reports, audited financial statements, and your organization’s own website. How does your organization rank? Join us to learn steps on improving your nonprofit’s ratings as

SVOG- The Weird Stuff!

Staying Afloat: Arts & Culture Series Getting Ready for the Shuttered Venue Operators Grant 2. The Weird Stuff!

In this second installment of our Staying Afloat Arts & Culture Spotlight Series, Justine Townsend covers “The Weird Stuff” on the Application Checklist for the Shuttered Venue Operators Grant (SVOG) program.   Reminders:  SVOG applications will be available April 8th!   Timing is everything!  If applying for a Paycheck Protection Program (PPP) loan, it must be received before the SVOG.  If an applicant is approved for an SVO grant before the PPP loan

Q&A: Employee Retention Credit

Q&A: Employee Retention Credit

These questions and answers are a compilation of the participant Q&A from YPTC and Network for Good’s webinar on Feb. 15, 2021. What is the ERC link? https://www.irs.gov/newsroom/covid-19-related-employee-retention-credits-how-to-claim-the-employee-retention-credit-faqs In applying for the PPP, we are only eligible to apply for 2.5 times our monthly payroll? Would it be possible to apply for the Employee retention

Q&A: Other Pandemic Relief Options

Q&A: Other Pandemic Relief Options

These questions and answers are a compilation of the participant Q&A from YPTC and Network for Good’s webinar on Feb. 15, 2021. Is there any relief for 100% volunteer organizations? Unfortunately, most of the pandemic relief is tied to retaining employees so volunteer orgs don’t qualify for the loans or ERC. We are a very