Posts tagged NPCovid19
Join Me at the Upcoming Build a Thriving Nonprofit Summit!
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Excited to share that I will be presenting a workshop entitled "Engaged Board, Effective Fundraising" at the upcoming Build A Thriving Nonprofit Summit.

This summit was created to help you raise more money to increase your impact, engage your board to help fund your mission, and build community awareness to increase your donor base.

The summit is FREE, kicks off on Tuesday, October 27 and it’s going to be 4 action-packed days that you won’t want to miss.

Click the link below to learn more and hope you will join me there!

Are Your CEO and Board Chair Rowing Together?
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"It is mutual trust, even more than mutual interest, that holds human associations together."

  • H.L. Mencken

A common truth exists across the nonprofit sector, bridging organizations of all sizes, shapes, and subsectors.  It shines like a beacon from a lighthouse, indicating smooth waters or troubled seas ahead.  That common truth is that the most critical relationship in a nonprofit organization is the one that exists between the Board Chair and the CEO.  

Board Chairs and CEOs may come from different backgrounds almost assuredly reflecting different life experiences, but together in their hands they hold the promise of what an organization can become and the impact it can have on the lives of those served.  Countless resources exist that delineate the roles and responsibilities of a Board Chair and CEO, but far fewer offer practical guidance for nurturing a productive relationship.  Here are a few reflections on tending to this most critical relationship:

  • Begin by Building Trust.

Trust between Board Chair and CEO is the cornerstone upon which all else rests.  When the Chair provides guidance or constructive feedback, the CEO must trust that it is coming from a place of good intentions.  When the CEO provides information or insights, the Chair must trust it reflects thoughtfulness, reflection, and wisdom.  Breakdowns in trust not only damage this relationship, but the ripple effects almost invariably extend to the full Board and staff.  Board Chairs and CEOs who invest in building trust with one another create a culture that permeates the organization.

Practices that build trust include weekly “check-in” meetings, a commitment to “no surprises,” and frequent discussion of “what I need/don’t need” in particular situations.

  • Tend to the transition.  

By far, one of the most overlooked aspects of building a strong Board Chair - CEO relationship is the transition period.  Transitions are hard!  As a former nonprofit CEO, I vividly recall that there is a period of uneasiness any time the Board Chair transitions from one individual to the next.  Work and communication styles may differ and without thoughtful preparation and intentional discussions, faulty assumptions can ground a relationship before it ever has an opportunity to blossom.  

During the transition period, take time for honest conversations about communication style, expectations, support needed, and methods of accountability. 

  • Embrace your role.

When working with a nonprofit for the first time, one of the first questions I will pose to a CEO and Board Chair involves a request to tell me the story of how and why they came to their current role.  The Board Chair needs to know that the CEO embraces leading the organization.  Likewise, the CEO needs to know that the Chair wants to be his or her partner.  It is like being in a rowboat together where two people must row in sync in order to propel the boat forward.  If one person loses interest or quits rowing, the boat goes into a tailspin.  

Embrace your role by leading with energy and enthusiasm, setting realistic expectations, and being accountable for yourself and those you lead.

Leading a nonprofit can be a fulfilling and exhilarating challenge, but it can also be a lonely road.  Cultivating a healthy relationship between Board Chair and CEO grounded in mutual trust, expectations, and accountability enables leaders to reflect their best self and organizations to thrive.  

Whether you are rowing together in unison or struggling to get in sync, I encourage you to connect with us to explore the ways in which together we can help nurture the relationship you need and deserve.

PPP Update: Paycheck Protection Program Flexibility Act (PPPFA) Becomes Law
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Congress has passed — and today the President signed — the Paycheck Protection Program Flexibility Act (PPPFA). Among its major provisions, the bill provides borrowers with additional flexibility and time to use PPP loan funds and still receive forgiveness on the loan. Highlights of the bill and lingering questions include:

  • PPPFA extends time period to use funds from 8 to 24 weeks.

    • Borrowers now have 24 weeks from the disbursement of their loan to use PPP funds, though they may still elect to use the 8 week period if beneficial.

    • Big Question: Does this mean 24 weeks of payroll or just 8 weeks of payroll that can be expended over 24 weeks? Guidance is still pending.

  • PPPFA reduces the amount of the loan needed to be spent on payroll from 75% to 60%.

    • Borrowers may now spend up to 40% of PPP funds on approved non-payroll expenses such as rent, utilities, and mortgage interest.

  • PPPFA extends the amount of time to rehire workers from June 30 to December 31.

    • This provides additional needed flexibility, especially for borrowers whose operations are significantly impacted by Covid-19.

    • Big question - what if you opt for an 8 week forgiveness period- do you still need to have the same FTEs in December?

  • PPPFA relaxes re-hire requirements in specific instances.

    • Borrowers may receive an exemption from a reduction in loan forgiveness if in good faith they can certify an inability to rehire eligible employees, similarly qualified employees, or return to a similar level of business activity of before February 15, 2020.

  • PPPFA changes the repayment term from 2 to 5 years.

    • The 1% interest rate on the loan remains unchanged.

    • Big question- who will have the authority and what will the process be for changing the terms of the loans?

Many of these changes stand to benefit nonprofit organizations around the country who have taken advantage of the funds available through the PPP. Sign up for our emails HERE — Nielsen Training & Consulting will continue to monitor critical legislation that impacts nonprofits and provide updates and analysis as available. Stay well friends!

Hope
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"What do you think is the most hopeful sign to emerge from the Covid-19 crisis for nonprofits?" An interviewer asked me this fantastic question yesterday. For me, it is twofold. First, I see an unleashing of immense creativity across the nonprofit community. From the manner in which vital programs and services are delivered to the way in which teams come together to meet vital needs, to the approaches to fundraising, I am blown away by the creativity and innovation I see from nonprofit leaders. Second, the collaboration that we have always known existed far more than others recognized has blossomed during this crisis. I see leaders and organizations coming together to serve communities in ways that inspire me. I believe this blossoming of collaboration will carry forward in the shaping of a new normal across the nonprofit sector in interesting and impactful ways. So now I ask you... "What do you think is the most hopeful sign to emerge from the Covid-19 crisis for nonprofits?"

Upcoming Event: Survive and Thrive Nonprofit Online Summit
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Excited to share that I will be a featured speaker at the upcoming Survive and Thrive Nonprofit Online Summit. The Summit is an action-packed day featuring more than 6 speakers discussing strategies for your nonprofit to successfully survive and thrive in the COVID-19 crisis and beyond...all from the comfort of your home remote office.

I will be speaking on Understanding the CARES Act and Other Emergency Supports for Nonprofits. Join me!

4 Lessons Learned From the Paycheck Protection Program (So Far!)
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Over the past few weeks, I have advised many nonprofit leaders as they considered and applied for the Paycheck Protection Program (PPP) created by the CARES Act. As a newly created forgivable loan program, we have all learned a great deal during this process. With the announcement from the Small Business Administration (SBA) that appropriated funds for the program have been exhausted, I thought it would be a good time to pause and reflect on lessons learned so far from the PPP process that might help nonprofits if and when the program reopens.

1 Prepare.

The single most important factor in getting nonprofits approved under the PPP in a timely fashion is preparation. While the PPP application itself is straightforward, and can be completed online in a matter of minutes, preparing to file the application requires the gathering of appropriate documentation, and attention to detail. Nonprofit leaders should ensure they have the following supporting documentation when applying (where available):

  • Salary and Wage Information:

    • Company w-2s, quarterly form 941 filings, or payroll company reports

    • Employer Tax Contributions: Forms or payroll reports documenting employer state and local tax contributions

    • Employer Benefit Contributions: Group health insurance plan invoices Retirement plan contribution reports

2. Obtain Board Approval.

At its most basic level, the PPP is a loan program from the federal government administered through individual banks. While the program provides opportunities for all or a portion of the loan amount to be forgiven, nonprofits must understand and accept that any portion not forgiven will be treated as a loan that must be repaid. It is recommended that nonprofit leaders secure Board approval to apply for the loan, and some banks may even request proof through a Board resolution.

3. Select your bank wisely.

There is no way to sugarcoat this -- the bank applicants choose to apply through unquestionably matters. Countless nonprofit leaders have experienced the frustration of broken online portals, lack of responsiveness, repeated requests for the same information already provided. Though it may be an overgeneralization, I have found that smaller, local banks have fared far better in submitting applications in a times fashion, securing approval, and disbursing funds than large mega-banks. Also, while many banks require the organization to have an existing banking relationship in order to apply, that is not universally the case. Banks accepting applications from non-account holders include:

Nonprofits may also consider applying through Paypal, Intuit, Square, and others.

4. Be meticulous in recordkeeping.

As mentioned earlier, the loan obtained under the PPP may be forgiven if specific conditions are met. While we know what the law says about the amounts that can be forgiven, the rules regarding the forgiveness process have yet to be published. Nevertheless, just as preparation was a key to a successful application, I fully expect meticulous recordkeeping to be a key to a successful request for loan forgiveness. Nonprofits should keep all receipts for amounts paid using loan funds, write hard checks where possible, keep all invoices, and be prepared to produce accurate payroll reports substantiating the use of the loan funds.

While we all await Congressional action relative to funding the PPP, it is my hope these tips provide guidance for you and your organization if and when the PPP again begins funding nonprofits. As always, Nielsen Training & Consulting is here to keep you informed, answer your questions, and partner with you.

FREE Webinar: Board Leadership in Challenging Times
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DATE: Thursday April 9, 2020

TIME: 1pm - 2pm eastern time

PRESENTER: Gregory Nielsen

DESCRIPTION:

  • Highly effective Boards remain informed and engaged throughout the year. However, the need for Board leaders to be appropriately engaged and active is heightened during challenging times. This webinar explores the ways in which nonprofit Boards should respond in times of crisis, such as many are experiencing now with the COVID-19 outbreak. Emphasis will be placed on the duties of Board members, and vital role in communications, financial management, staff safety, and governance during times of crisis.

COVID-19: Resources for Nonprofit Leaders: March 27 2020
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Nonprofit leaders, Board and staff members, and volunteers — you inspire me with your leadership and sacrifice each day. The survival of nonprofits is about far more than the ability of organizations to continue existing. It is about the survival of communities, the survival of the most vulnerable, the survival of compassion, and the survival of our values.

You are not alone. We are in this together. Below please find a new collection of resources for you this week on a variety of topics. I have also created a webinar on “Board Leadership in Challenging Times.” It provides a roadmap for your Board with actionable steps in the areas of risk management, financial assessment, business continuity and communication planning, and tips for fostering Board involvement in challenging times. If this information and webinar would be helpful for your Board, let’s connect and give your Board the tools and support to lead. I am available to serve as a thought partner, facilitator, or sounding board.

COVID-19: RESOURCES FOR NONPROFIT LEADERS: March 27, 2020

Leadership:

Self Care:

Board Role/Governance:

Human Resources:

Legislation and Advocacy:

Philanthropy:

COVID-19: Resources for Nonprofit Leaders: March 20, 2020
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At a time of extraordinary challenge and uncertainty, nonprofit leaders continue to shine brightly, serving their communities in countless ways. I see your commitment and your sacrifice and am grateful. Last week, I shared resources in the areas of leadership, human resources, governance, and philanthropy that many found helpful, and I am doing so again today.

I reiterate to all the amazing nonprofit leaders out there, you are not alone. We are in this together. We may be physically distant, but we are not socially distant. Together we can continue to build and preserve community as servant leaders. I am available to serve as a thought partner, facilitator, or sounding board. By supporting one another and sharing information and ideas, we will get through this together.

COVID-19: RESOURCES FOR NONPROFIT LEADERS: March 20, 2020

Leadership:

Self Care:

Board Role/Governance:

Human Resources:

Legislation and Advocacy:

Philanthropy: