Tag Archives: Non-profit

01.18 2021

Second PPP Loan

New COVID relief bill, Paycheck Protection Program passed congress on December 22. A second PPP Loan will be available. Here is a guidance you need to know.

Who is eligible for a second PPP loan?

Similar to the initial PPP loan, eligible small businesses may include:

Small businesses, Non-profit organizations, Sole proprietors, self-employed individuals or independent contractors

Addition to this, applicants must also meet the following

  • Businesses were in operation prior to February 15, 2020.
  • Businesses has a loss in revenue in 2020, which must be proved a 25 % or more reduction in gross receipts from any quarter in 2020 relative to the same quarter in 2019.
  • Businesses may not have more than 300 employees.
  • Businesses have used up or will use the full amount of their first PPP loan

SBA will provide further guidance such as application processes and required documentations. For the time being, let’s talk learn about any changes made and how those changes could affect you.

PPP Eligible expense list are added

  • Operational expenses

Payments for software, cloud computing, accounting needs and other human resources

  • Supplier costs

Expenditures any purchase order, or order for goods made prior to getting a PPP Loan essential to operate

  • Property damage costs

Property damage costs due to public disturbances that occurred during 2020, which are not covered by insurance

  • Worker protection expenses

Any personal protection equipment or property improvements and adaptive investments to help a borrower comply with COVID-19 related safety guidance during the period from March 1, 2020 onwards.

PPP expenses are tax deductible

Any expenses covered by a PPP loan can be claimed as tax deductible. The forgiven amount of PPP loans will not be included in taxable income.

04.15 2016

Breakfast for Rebuilding

Rebuilding Seattle TogetherRebuilding Together Seattle Website (RTS) will host their third annual breakfast fundraiser on Wednesday, May 4th, 2016. You’ll hear from RTS’ CEO, and Seattle Seahwaks Emcee, Tony Ventrella. Proceeds will support RTS’ efforts to provide safe and healthy housing to every person by providing free home repairs to low-income homeowners and nonprofit facilities. Join us and learn more about RTS’ efforts to revitalize your community, and how you can get involved.

Safe and Healthy Homes Breakfast
Grand Hyatt Seattle
Wednesday, May 4, 2016
7:30 to 8:30 am

02.17 2016

Viva Vera!

Viva Vera! is happening February 20th, 2016Join us this Saturday in celebrating 15 years of innovative arts and music programs with The Vera Project. They’ll be hosting their annual fundraiser at The Triple Door on February 20th, 2016. Enjoy DJ sets from Diogenes and Wizdumb, with live performances by Briana Marela and Crater. Proceeds will ensure the Vera Project will continue to transform the Seattle through collaborative, youth-driven engagement in music and art.

Buy tickets here, and learn more about the Vera Project here. EJK is proud to be part of the Vera Project family!

07.01 2015

HUD recognizes ISI

Seattle's Pioneer SquareShout out to our client, the International Sustainability Institute (ISI), for being chosen out of 1,700 applicants for a feature in the US Department of Housing and Urban Development’s (HUD) Innovation of the Day competition. ISI is a non-profit located in Pioneer Square, focused on bringing world-wide sustainability practices to the Pacific Northwest. ISI’s Alley Network Project, which caught HUD’s attention, is a program designed to unite Pioneer Square community members through events located in Nord Alley. You may have participated in some of their prior events, including World Cup game showings, alley concerts, and art displays. Thank you to ISI for making Pioneer Square a more vibrant neighborhood!

05.12 2015

Celebrating 47 Years of Social Justice

21 Progress Logo21 Progress will be hosting the Legacy of Leadership event on May 13, 2015, to honor founding executive director, Sharon Maeda. Sharon has been an advocate of social justice initiatives, teacher, trainer, and mentor for the last 47 years. As the executive director of 21 Progress, Sharon helped develop and implement programs that provide emerging social justice leaders opportunities to exercise their talents. We look forward to celebrating with Sharon this Wednesday!