A sordid tale of fraudulently-obtained paycheck protection program (PPP) loan funds, a series of bank transfers among several institutions, name changes, false tax documents, a multi-million dollar home purchase, and a traffic violation that resulted ...
For Some Churches, Paying Back PPP Loans is Better than Forgiveness
The following stories had the most page views at the MinistryWatch website during the month of October. We present them here in a “countdown” format, from 10 to 1.
Celebrity pastor Joel Osteen’s Houston megachurch, Lakewood Church, will repay the more than $4.4 million in loans it received under the U.S. government’s Paycheck Protection Program after critics questioned whether the nation’s largest single-campus church ...
PPP Loans And Volunteers Kept These Faith-Based Non-Profits Afloat
Kanakuk Ministries and related organizations received a total of $3.295-million in PPP funds on April 3, 2020. Most of the funds went to Kanakuk Ministries, with $166,700 going to Kanakuk Institute and $698,500 going to ...
Nonprofits that are newly eligible for the second draw of the Paycheck Protection Program (PPP) will have an additional two months to apply for the relief funds.
Here are some of the ways your organization can take advantage of the newest stimulus legislation and find some stability in these trying times.
Nonprofits can claim a few victories in COVID relief legislation approved by Congress last month, including a universal charitable deduction extending into 2021, in addition to some $320 billion available in various funding vehicles.
President Trump signed into law Monday the Consolidated Appropriations Act 2021, which among other provisions provides additional direct Covid-19 pandemic relief for 501(c)(3) tax-exempt entities.
