Melissa Scholz, Author at Scholz Nonprofit Law

2020 Election

By Melissa Scholz|2020-09-17T00:17:14-05:00September 17th, 2020|Uncategorized|

In case you hadn't noticed (ha), there's this important thing called an election coming up. I want to make sure you know the ways 501c3 organizations can be involved in getting people to vote. That's not "political" or lobbying-- just straight-up education and charitable work to ensure that everyone has a voice in our democracy and the election is robust, fair, and serves the public interest. Join Scholz Nonprofit Law this Thursday, September 17th at Noon for a webinar: Election 2020: 501c3s Have a Role REGISTER HERE. We will review key do's and don'ts and answer questions. Send me [...]

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REMINDER: Form 990 Deadline of July 15th

Uncategorized

REMINDER: Form 990 Deadline of July 15th

By Melissa Scholz|2020-09-10T21:47:37-05:00September 10th, 2020|Uncategorized|

All tax-exempt organizations, including 501(c)(3), 501(c)(4) and 501(c)(6) organizations, must file some variation of Form 990 with the IRS. As a reminder, if your organization fails to file Form 990 for three consecutive years, your tax-exempt status will be revoked and your organization will have to reapply for tax-exempt status. If your organization’s fiscal year is the calendar year, your organization is required to file some version of the Form 990 by July 15, 2020 (which is the extended date because of COVID) or seek an extension. If your total revenues were $50,000 or less, you may file Form 990-N. Form 990-N, [...]

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PPP Loan Forgiveness and Workplace Reentry

COVID-19

PPP Loan Forgiveness and Workplace Reentry

By Melissa Scholz|2020-05-22T20:11:29-05:00May 22nd, 2020|COVID-19|

Read on for follow up to the May 21st webinar on PPP Loan Forgiveness and Workplace Reentry and for some more updates. Yesterday’s webinar recording is available here. This is clunky, but start the video at 34 seconds - - in further evidence that I should keep my day job as an attorney! We are working on an update on the Q&A and will post that to our website early next week. Workshop Opportunities Jeff Femright will hold workshops on the Loan Forgiveness Application next week and you can sign up here: May 26 at 10am or May 27 at 11am Sarah Kissel will hold [...]

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COVID-19 Response Q&A on Thursday and Other Updates

COVID-19

COVID-19 Response Q&A on Thursday and Other Updates

By Melissa Scholz|2020-05-22T20:11:53-05:00May 20th, 2020|COVID-19|

Join the Scholz Nonprofit Law team for more updates and tips as we focus on PPP loan forgiveness and workplace reentry. This Thursday, May 21st at 10am, we will host another session of the COVID-19 Response Q&A to review and troubleshoot the forgiveness application, give tips on policies for reopening nonprofit workplaces and programs, and be available to answer other questions. Register here. Feel free to email questions in advance to Melissa, Jeff, or Sarah. Find the application here: PPP Loan Forgiveness Application Additional Q&A webinar opportunity tomorrow, Wednesday May 20th at 2pm. You also are invited to a Q&A hosted [...]

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Update on EIDL Online Application

COVID-19, Nonprofit

Update on EIDL Online Application

By Melissa Scholz|2020-04-29T14:58:31-05:00April 29th, 2020|COVID-19, Nonprofit|

The EIDL program (run through the SBA online portal) recently received an additional $60 billion in funding from Congress. At this time, we are aware that the SBA has not re-activated the online EIDL application at SBA.gov. It appears SBA is working through an existing back-log of applications before reopening the application process. We will keep an eye on it and let you know if it opens up.

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Updates, Our Upcoming Webinar & Weekly Summary

COVID-19

Updates, Our Upcoming Webinar & Weekly Summary

By Melissa Scholz|2020-05-22T20:12:08-05:00April 20th, 2020|COVID-19|

Dear clients, friends and Madison nonprofit community: We continue to think of you and focus our efforts on digesting the ever-changing news during this difficult time. To be more mindful of everyone's limited time and effective in our efforts to help nonprofits, we are scaling back our posts through this channel to a (mostly) weekly format to highlight new developments from the week. We will highlight the resources and articles added to our website throughout the week with links to the fuller content. Additionally, we will use this channel to announce urgent news as it is available. This week, [...]

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Expanded Incentives for Charitable Giving

COVID-19, Public Charity

Expanded Incentives for Charitable Giving

By Melissa Scholz|2020-04-16T23:31:06-05:00April 16th, 2020|COVID-19, Public Charity|

You may have heard a lot about the CARES Act and its direct financial assistance for small businesses, nonprofits and employees. The CARES Act includes a number of other important provisions, including ones that encourage charitable giving from both individuals and corporations. We are already seeing individuals and businesses contribute to the COVID-19 response in important ways – these incentives can help encourage more of that. Above-the-line charitable contribution deduction. Under this new charitable giving incentive, individuals can deduct up to $300 of donations, even if they don’t itemize on their tax return. This means that a lot more [...]

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SBA Loan and Employment Guidance

COVID-19, Employment, Nonprofit

SBA Loan and Employment Guidance

By Melissa Scholz|2020-04-16T23:31:19-05:00April 8th, 2020|COVID-19, Employment, Nonprofit|

Hello friends and colleagues, Thanks to the support of the Madison Community Foundation, over the past two days, Scholz Nonprofit Law has hosted several seminars on the Coronavirus Aid Relief and Economic Support Act (“CARES”), and related options for financial support and sustainability during these challenging times. If you want to listen to a recording of the seminar, see here. We focused our seminar on two topics (i) SBA loan programs available to nonprofits, and (ii) employment challenges nonprofits are facing. Jeff Femrite discussed (i) the SBA’s Paycheck Protection Program (“PPP”) loans (which may be totally forgiven if used [...]

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CARES Act Impact on Nonprofits

COVID-19, Employment, Nonprofit

CARES Act Impact on Nonprofits

By Melissa Scholz|2020-04-16T23:31:31-05:00March 29th, 2020|COVID-19, Employment, Nonprofit|

Dear clients, better known as friends and colleagues: We know this is a difficult time for so many, personally, as well as for your organizations. Know that we’re concerned and thinking of you! We are keeping track of opportunities for assistance for nonprofits and will keep providing information as it becomes available (and we have the chance to digest it). For today, below is a brief summary of provisions of the federal Coronavirus, Aid, Relief, and Economic Security (CARES) Act that apply to nonprofits. As we learn more details, we will keep updating the Scholz Nonprofit Law blog. The [...]

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COVID-19 Wisconsin’s Safer at Home Order — March 24, 2020

COVID-19

COVID-19 Wisconsin’s Safer at Home Order — March 24, 2020

By Melissa Scholz|2020-04-19T00:26:39-05:00March 24th, 2020|COVID-19|

Summary of Emergency Order #12 – Safer at Home Order In an attempt to slow the infection rate of COVID-19, on March 24, 2020, the State of Wisconsin issued Emergency Order #12 – Safer at Home Order (the “Order”). The purpose of this Update is to help our clients and friends better understand issues created by the Order. It is a general summary, and is not intended to be comprehensive. If you have questions, or need assistance navigating the specific requirements of the Order, please call Jeff Femrite at 608 692-0310 or send Jeff an email at jfemrite@scholznonprofitlaw.com. Capitalized [...]

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About Melissa Scholz