CARES Act offers new hope for cash-strapped nonprofits
April 2, 2020
On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. How is this massive $2 trillion recovery package poised to help your not-for-profit organization? It depends on your group’s size, financial condition and other factors. But most nonprofits affected by the coronavirus (COVID-19) outbreak are eligible for some relief under the CARES Act. READ MORE >
Don’t miss these important deadlines for your NFP organization
COVID-19 Extension Summary:
Form 990 – due date extended to July 15th 2020 for calendar and fiscal year entities with year ends on or before January 31st 2020
MA Form PC – six-month extension (this is in addition to the automatic six-month extensions that many charities are granted)
Data Collection Form** – six months beyond the normal due date
MA UFR – Filing deadline of November 15th 2020 extended to January 15 2020
**Recipients subject to the Uniform Guidance that have experienced a loss of operational capacity and increased costs due to COVID-19. This is a broad extension and does not require approval. However, documentation should be maintained for the reason of the delayed filing.
December 31 year end
Form 990 and PC
Due May 15
Massachusetts Uniform Financial Report (UFR)
Due May 15
Data Collection Form
Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end
June 30 fiscal year end
Form 990 and PC
Due November 15
Massachusetts Uniform Financial Report (UFR)
Due November 15
Data Collection Form
Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end
September 30 fiscal year end
Form 990 and PC
Due February 15
Massachusetts Uniform Financial Report (UFR)
Due February 15
Data Collection Form
Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end