Amy McPherson | CEO & Founding Partner
I have worked in nonprofit finance for almost 25 years. I have an MBA from Columbia University.
I love working with the folks on the front line of nonprofit organizations. It is very rewarding to help build capacity in organizations so they can focus on their mission feeling empowered and supported by their financial information.
I feel fortunate to have such a shared sense of purpose with my AFC team members and our nonprofit partners which keeps me motivated every day.
Sometimes it's a challenge to balance our four core values, all of which matter deeply. I think transparency is the key to making the other three values work. Transparency allows all stakeholders to understand the information they are seeing in a deeper way than just looking at numbers. At AFC, we have shifted our internal focus to transparency, which has made accomplishing the other three goals easier.
When I'm not advising for change I'm playing outside. I am a member of an adult horse-back riding team and yoga-lover.
Learn more about my professional experiences here.
At AFC, we are building a model of a great place to work that also does great work.
Amy McPherson | CEO & Founding Partner
I have worked in nonprofit finance for almost 25 years. I have an MBA from Columbia University.
I love working with the folks on the front line of nonprofit organizations. It is very rewarding to help build capacity in organizations so they can focus on their mission feeling empowered and supported by their financial information.
I feel fortunate to have such a shared sense of purpose with my AFC team members and our nonprofit partners which keeps me motivated every day.
Sometimes it's a challenge to balance our four core values, all of which matter deeply. I think transparency is the key to making the other three values work. Transparency allows all stakeholders to understand the information they are seeing in a deeper way than just looking at numbers. At AFC, we have shifted our internal focus to transparency, which has made accomplishing the other three goals easier.
When I'm not advising for change I'm playing outside. I am a member of an adult horse-back riding team and yoga-lover.
Learn more about my professional experiences here.
At AFC, we are building a model of a great place to work that also does great work.
Amy McPherson | CEO & Founding Partner
I have worked in nonprofit finance for almost 25 years. I have an MBA from Columbia University.
I love working with the folks on the front line of nonprofit organizations. It is very rewarding to help build capacity in organizations so they can focus on their mission feeling empowered and supported by their financial information.
I feel fortunate to have such a shared sense of purpose with my AFC team members and our nonprofit partners which keeps me motivated every day.
Sometimes it's a challenge to balance our four core values, all of which matter deeply. I think transparency is the key to making the other three values work. Transparency allows all stakeholders to understand the information they are seeing in a deeper way than just looking at numbers. At AFC, we have shifted our internal focus to transparency, which has made accomplishing the other three goals easier.
When I'm not advising for change I'm playing outside. I am a member of an adult horse-back riding team and yoga-lover.
Learn more about my professional experiences here.
At AFC, we are building a model of a great place to work that also does great work.
At AFC, we are building a model of a great place to work that also does great work.
Amy McPherson | CEO & Founding Partner
I have worked in nonprofit finance for almost 25 years. I have an MBA from Columbia University.
I love working with the folks on the front line of nonprofit organizations. It is very rewarding to help build capacity in organizations so they can focus on their mission feeling empowered and supported by their financial information.
I feel fortunate to have such a shared sense of purpose with my AFC team members and our nonprofit partners which keeps me motivated every day.
Sometimes it's a challenge to balance our four core values, all of which matter deeply. I think transparency is the key to making the other three values work. Transparency allows all stakeholders to understand the information they are seeing in a deeper way than just looking at numbers. At AFC, we have shifted our internal focus to transparency, which has made accomplishing the other three goals easier.
When I'm not advising for change I'm playing outside. I am a member of an adult horse-back riding team and yoga-lover.
Learn more about my professional experiences here.
COVID-19 Business Resources
(as of January 8, 2021)
We will be updating this document as new information becomes available.
We are also providing links to our key sources so you can find the most up-to-date information.
Economic Aid Act of 2020 updates
The "stimulus bill" officially known as the Economic Aid Act was signed into legislation on December 27, 2020 and provides for a second round of PPP loan funding to begin in mid-January 2021 as well as other programs that will begin in 2021.
The SBA issued the rules for the program on Friday, January 8, 2021 which can be found here
This page will be updated with more information shortly.
Economic Impact Disaster Loans (EIDL) and Economic Injury Grants EIDL loans are low-interest loans which usually issued by SBA after a natural disaster. This program has been opened up to nonprofits impacted by the COVID-19 pandemic. The loans are low-interest loans that can have a long term (up to 30 years) and require collateral for loans over $25,000, so they are not for every organization. SBA is no longer issuing the EIDL advances which were a portion of the loan that didn't have to be repaid. The Economic Aid Act extended the deadline for this program to December 31, 2021.
Nonprofits can apply for EIDL loans directly on the SBA website. You can find the application here . Note that while nonprofit organizations to not have "owners" the online system will require you to enter an "owner" with their social security number in order to submit the applications. We recommend that you submit an application for this loan and grant program as soon as possible. SBA has this phone line to help applicants for this program: 800-659-2955.
Paid Sick and FMLA leave: The Families First Coronavirus Response Act required employers with less than 500 employees to provide paid sick and FMLA leave through the end of 2020. The Economic Aid act provides the same benefits to employers in 2021, though now participation is voluntary.
The government will provide payroll tax credits to support the cost. Requirements and resources are posted on this Department of Labor site. Information regarding the tax credits available to support the cost of this paid leave requirement can be found on the IRS website here. Check with your payroll provider for more detailed information.
Employee Retention Payroll Tax Credit FThe program was established under the CARES act and was expanded under the Economic Impact Act so businesses who receive PPP funding are also eligible for these tax credits. Nonprofits are generally eligible is they are closed by the government OR experience at least a 20% drop in income, there is the ability to get a payroll tax credit of up to $7,000 per employee per quarter through June 2021. Details of the original program from the CARES act can be found here. The IRS is expected to issue updated rules shortly.
OMB Guidance to Federal Agencies OMB has issued guidance to federal agencies allowing them to grant leniency on a number of important issues during the state of emergency. Some examples include:
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Ability to use federal funds to pay workers unable to perform duties due to the state of emergency
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Ability to use funds for COVID-19 related expenses
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Ability to reallocate funds without prior approval
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Extension of reporting deadlines (including financial reports extended 3 months and the Single Audit deadline extended 6 months for reports due from March to June and 3 months for reports due July to September) as well as no-cost extensions for grant awards ending between March and December 2020.
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You can find the full text of the memos here
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#1 OMB 20-11 Issued March 9
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#2 OMB 20-17 Issued March 19
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#3 OMB 20-20 Issued April 9
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#4 OMB 2026 Issued June 18
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Texas
The Texas Department of Economic Development has set up this web page with information on state resources. Texas Employers also have the option of signing up for updates on this site.