April 16, 2020
Resources for Outer Banks Nonprofits
As promised, here are a whole bunch of additional resources for sustaining your nonprofit, as referenced on the April 15 Community Foundation webinar:
- David Heinen’s presentation
- Lorelei’s presentation about Community Foundation grants
- A slew of resources from John Loyack, including:
- PPP Banks: A list of banks that are processing PPP applications, including three that will process PPP loans for non-existing customers (the SBA also has an online search tool to help you find a bank that offers PPP loans: www.sba.gov/paycheckprotection/find)
- Documents Needed for SBA Loan Applications
- CARES Act Loan Overview and Comparison
In addition, here are a few more resources that should be exceedingly helpful:
- Community Foundation’s Rapid Response Grants Page: https://obcf.org/grants/rapid-response-grants/
- Albemarle Area United Way’s COVID Rapid Response Grants Page: https://www.albemarleareauw.org/covid-19-rapid-response
- Nonprofit Overview of CARES Act from the National Council on Nonprofits: https://www.councilofnonprofits.org/trends-policy-issues/initial-analysis-of-the-coronavirus-aid-relief-and-economic-security-act-cares
- TOP RECOMMENDATION: Awesome, detailed slide deck from CharityHowTo on how to apply for CARES funding: https://drive.google.com/file/d/1b5VHxZJz_fbSGhVBRq-x1ZZcZxa1GleX/view
- SBA Website for PPP: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp (this includes loan details and forgiveness rules, eligibility rules, FAQ, and details on faith-based groups’ eligibility)
- PPP Basic FAQ from US Department of Treasury
- PPP Advanced FAQ (not for the faint of heart)
- Sample PPP Application from SBA: https://www.sba.gov/sites/default/files/2020-04/PPP%20Borrower%20Application%20Form.pdf
Would your nonprofit like a volunteer’s assistance with a CARES Act loan application? There are several financial whizzes in our community who have offered to help our local nonprofits with their loan applications. These folks won’t apply for your loan for you, but they are willing to: 1) answer your questions about the various programs, help you determine your eligibility, and help you determine which loan program is best for your nonprofit; 2) help you determine the maximum PPP loan amount for which you are eligible, and the PPP loan amount that may be forgivable; 3) help you identify or even prepare the documentation you will need to apply; 4) coach you generally through this process.
If you would like some help, email LCosta@obcf.org, and she’ll hook you up with one of our amazing volunteers! Thanks so much to Bob Muller, Chris Sawin, Craig Merrill, Loretta Michael, Rick Gray, and Noel Preston for their willingness to help!
Another resource: Jitasa, a nonprofit accounting and bookkeeping service that works exclusively with nonprofits, is offering free one-on-on consultations with experts about the SBA loan options for nonprofits. We have not worked with them and have no personal references or referrals to share, but you can schedule your 15- or 30-minute consultation through Jitasa’s online calendar. Their page also is a wealth of information on nonprofit eligibility for various SBA loans.
Grant opportunities. On the call, a couple of you asked for a list of grant opportunities. The best listing we have found for North Carolina is on the NC Network of Grantmakers’ website: https://www.ncgrantmakers.org/COVID-19-Resources-3. We have not been able to find much available locally, except for the Community Foundation’s grants program and the Albemarle United Way, which are both mentioned above. However, if you find something yourself and would like to share it with the group, please let us know, and we’ll add it to our resource page.
April 13, 2020
Sustaining Your Nonprofit Through the COVID Crisis: A Webinar for Outer Banks Nonprofits
Wednesday, April 15, 2020 from 2:00 to 3:00 pm
It’s a difficult time for our country and for the Outer Banks — and especially for our nonprofit community. But, there are resources to help you continue your good work.
From the CARES Act to the Community Foundation’s Rapid Response Grants, we want to help you identify potential sources of support to sustain your nonprofit through the Coronavirus crisis and beyond.
Join us on Wednesday, April 15 at 2:00 pm for an informative webinar on resources to help your nonprofit through the global pandemic and our local economic shut-down.
David Heinen, Vice President for Public Policy and Advocacy for the NC Center for Nonprofits, will provide an overview of federal and state policy solutions to help nonprofits survive the COVID-19 crisis, including the CARES Act and the Families First Coronavirus Response Act.
Then John Loyack, Vice President of Global Business Services for the Economic Development Partnership of NC, will dig into the details of two significant programs in the new CARES Act: the Paycheck Protection Program, which offers forgivable loans to small nonprofits and other businesses, and the Economic Injury Disaster Loans. He’ll walk you through the application process, help you understand the documentation you’ll need to apply, and give you essential tips for a successful application.
Finally, Lorelei Costa, Executive Director of the Outer Banks Community Foundation, will tell you about our COVID-19 Rapid Response Grant Program (more info below), and offer other survival tips from the nonprofit trenches.
We’ll also have plenty of time for Q&A at the end of the webinar.
This webinar is free for any staff or board member of an Outer Banks nonprofit! But space limited, so you must register in advance.
Community Foundation Rapid Response Grants
The Outer Banks Community Foundation has awarded more than $140,000 in COVID-19 Rapid Response Grants, and we continue to accept grant applications from nonprofits to provide vital services to the Outer Banks through the Coronavirus crisis.
Our goal with these grants is to meet essential human needs in our area, with highest priority given to food and nutritional assistance. Other priorities may include medical care, shelter, other essential supplies and needs (e.g., face masks, sanitation supplies), support for essential workers, remote learning, and health and wellness programs, including mental health programs. Special emphasis may be given to at-risk populations, including the homeless, the elderly, people with financial need, essential workers, people with disabilities, and people with health risks.
Grant requests are being accepted on a rolling basis and will be reviewed promptly to ensure quick decisions and timely programs. The next application deadline is 5:00 pm on Tuesday, May 12 at 5 pm; decisions will be announced on Wednesday, May 20. Before applying, please read the information on our website, gather your ideas, and call Lorelei Costa at 252-455-1404 to discuss your project.
Complete instructions are online at www.obcf.org/grants/rapid-response-grants.
Stay healthy and well!
Outer Banks Community Foundation