Friday, November 2, 2012

SBA Loans For Nonprofit Operations

Cross-Posted from The NonProfit Times Website

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If your nonprofit operates in any county that has been declared a major disaster area by President Barack Obama due to Hurricane Sandy, it might be eligible for low-interest loan from the Small Business Administration (SBA).

Nonprofits can borrow up to $2 million at 3 percent interest rate on up to 30-year terms. Public liaison Carol Chastang said the SBA has already distributed 32,000 loan applications via mail and email in relation to Hurricane Sandy. According to Chastang, it takes 10 days after the SBA receives a completed application to render a decision.

As of Thursday, President Obama has declared major disasters in New York, New Jersey and Connecticut counties, but Chastang said her office, in conjunction with FEMA, is still conducting assessments in areas affected by Sandy and it is likely that additionally counties will be declared major disaster zones. The latest disaster declarations can be found at SBA’s Sandy hub: www.sba.gov/sandy

“We encourage people to make that phone call as quickly as possible,” said Chastang. “You can also apply online. We also encourage everyone to register with disasterassistance.gov or FEMA because other forms of assistance will be made available in the days to come.” She added that registering with FEMA, disasterassistance.gov or the SBA is “plugging into the pipeline.” Online SBA disaster loan applications are available at https://disasterloan.sba.gov/ela/, or you can call 1-800-659-2955.

Thursday, November 1, 2012

New Issue Of The NonProfit Times: 11/1/2012

Aside from the NPT 100 Report, the Nov. 1 issue of The NonProfit Times contains a number of articles covering a wide array of topics. Let's take a look at some of those stories:

Articles

Columns
  • Funding 'Free'It’s a paradox. In a bad economy, more people are in need of the services provided by nonprofits just as it gets harder to raise funds for those services. People see that volunteers are important and organizations try to recruit more of them.
  • Why It's Hard To GrowThere is a notable lack of attention paid to growth in the nonprofit sector, and it’s not because we’re just starting to come out of The Great Recession. There is a larger structural reason why growth is so difficult in the nonprofit sector no matter what the economic outlook. Being able to recognize that reason is the first step in overcoming this structural locked brake.

The NPT 100: 2012 Edition

The release of The NonProfit Times' Nov. 1 issue also marks the release of one of our most popular reports: The NPT 100. This in-depth study ranks the 100 largest nonprofits (by revenue) and offers a wide range of data on those organizations.

The YMCA of USA once again topped all organizations, bringing in $5,986,057,000 in total support for the fiscal year ending 2011. Yet, like most of the NPT 100 organizations, the Y had to look to different sources of revenue faced with dwindling government support and weaker charitable giving from a smaller pool of donors.

NPT's studies found that program service revenue was the second-largest portion of funds for nonprofits, coming in at $16.767 billion or one-quarter of all funds. Government support was at $11.1 billion, or 16 percent, up from $10.745 billion last year. Other revenue and investment income each contributed about 4 percent to the overall revenue pie, at $2.859 billion and $2.763 billion, respectively.

In terms of expenses, NPT 100 organizations spent $55.416 billion on program, $5.27 billion on administration, and $3.138 billion on fundraising.

Overall, the 24th annual NPT 100 Report received $33.374 billion in public support, falling below 50 percent of their total revenue of $66.875 billion. These same nonprofits saw $33.159 billion amid overall revenue of $64.43 billion last year, almost 51 percent.

To view the full report, visit our website.


Wednesday, October 31, 2012

Featured Nonprofit Job: Senior Director, Foundation Relations

Looking for a nonprofit job? The NonProfit Times' career center, the Nonprofit Job Seeker, has a couple of featured positions online today, including an opening for a Senior Director of Foundation Relations. Interested? Read on for more details.

The American Heart Association (AHA) in San Francisco, Calif., is hiring for this position, which involves building high-level relationships between top foundations that will increase giving to support the organization's mission. The successful candidate will work with volunteers and staff throughout AHA's Western States Affiliates to reach this goal.

AHA has a fundraising goal for this year of $785,200, so an emphasis will be placed on obtaining six-figure gifts.

Think you have what it takes for this job? Before you click that "apply now" button, make sure you meet the following qualifications:

  • Bachelor’s Degree in English, Communications, Journalism or related field;
  • 5+ years’ development experience in the non-profit sector with a successful track record in developing and maintaining high-level foundation relationships, securing foundation grants, stewardship, reporting impactful outcomes, etc.;
  • Ability to deal professionally in a corporate and non-profit environment and assume responsibility for guiding grants and programs from inception through completion;
  • Exceptional communication skills;
  • Ability to work in a fast paced, goal- and deadline-oriented environment with high expectations; and,
  • Ability to work outside standard business hours as needed.
Apply today via our career center if you are interested.


California Judge Tentatively Allows Investigation Of PAC's Donors

A judge from the Sacramento Superior Court tentatively ruled Tuesday that the California's campaign finance watchdog agency could investigate an Arizona Political Action Committee's (PAC) $11 million donation.

Judge Shellyanne Chang said that citizens of California would suffer "irreparable harm" if contributions to Americans for Responsible Leadership were not investigated by the Fair Political Practices Commission (FPPC), according to The San Jose Mercury News. The small business PAC has run campaigns against two propositions on the state's ballot, Proposition 30, a tax-hike proposal, and Proposition 32, which would stop unions from collecting dues for political purposes.

Judge Chang will oversee a hearing on the matter Wednesday before she makes her final decision.

California Gov. Jerry Brown praised the tentative ruling, telling the Associated Press that "This is the biggest campaign violation ever since the FPPC became operative in 1975, and it is heartening that the FPPC is going to court."

"We believe that the state has not proven its case and that the FPPC does not have the authority to issue an audit in advance of the election," said Americans for Responsible Leadership spokesman Matt Ross in a statement. "Depending upon tomorrow's final outcome, there is a high likelihood that Americans for Responsible Leadership will appeal."

Although 501(c)(4) groups are not required to disclose their donors under Internal Revenue Service (IRS) codes, California requires disclosure, and Gov. Brown has been campaigning hard to have PACs operating in the state to follow those rules. The pressure for Americans for Responsible Leadership to reveal its donations increased after the group received the $11 million meant to help it fight the two ballot propositions.

You can read the full story in The San Jose Mercury News.