Anonymous
Post 04/06/2020 13:12     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
DC's rowing team said they are applying-- they are a non profit (parent organized), but formally registered. They've kept coaches on through spring despite no practices, and are applying for SBA loans.

Anonymous
Post 04/06/2020 11:38     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
Anonymous wrote:
Anonymous wrote:So wait, they get to keep our fees, not offer refunds because they’re paying their staff with our money but also can get stimulus money?! Brilliant.


Yep just like every hedge fund manager I’ll be getting a bailout and still collecting frees. Goods times!


ha ha, nice try Tommy Parks booster.
Anonymous
Post 04/06/2020 10:37     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
Anonymous wrote:So wait, they get to keep our fees, not offer refunds because they’re paying their staff with our money but also can get stimulus money?! Brilliant.


Yep just like every hedge fund manager I’ll be getting a bailout and still collecting frees. Goods times!
Anonymous
Post 04/06/2020 10:20     Subject: Re:Since most travel programs are nonprofits are they eligible for stimulus assistance?
Exactly
Nonprofit could take thebPPP and pay for 2.4 months of annualized salary etc.
and they could take a loan at 2.75% for 20 years.
And 1099 employees like coaches could take unemployment insurance

There is. No fiscal reason to not provide refi day other than a money grab.
Anonymous
Post 04/06/2020 10:17     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
Anonymous wrote:So wait, they get to keep our fees, not offer refunds because they’re paying their staff with our money but also can get stimulus money?! Brilliant.


Actually, it's more like: pay staff with stimulus money and the directors can pocket the money that they aren't refunding.
Anonymous
Post 04/06/2020 10:16     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
Anonymous wrote:So wait, they get to keep our fees, not offer refunds because they’re paying their staff with our money but also can get stimulus money?! Brilliant.


Yep.
Anonymous
Post 04/06/2020 10:03     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
So wait, they get to keep our fees, not offer refunds because they’re paying their staff with our money but also can get stimulus money?! Brilliant.
Anonymous
Post 04/06/2020 09:52     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
I don't know about soccer, but our non-profit sports team is so I don't know why not.
Anonymous
Post 04/06/2020 09:51     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
Only if their coaches, etc are employees (on a w-2) and not contractors (on a 1099). The clubs can apply for PPP money, and can include 8 weeks of utilities, rent, and payroll (excluding contract labor).
Anonymous
Post 04/06/2020 09:31     Subject: Re:Since most travel programs are nonprofits are they eligible for stimulus assistance?
Yes, and why shouldn't they be? They're employers and businesses just like everyone else.
Anonymous
Post 04/06/2020 09:23     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
I hope not.
Anonymous
Post 04/05/2020 19:31     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
Anonymous wrote:Anyone have any knowledge on this from a business standpoint?


I would assume so, if they need the money to support future programs and salaries.
Anonymous
Post 04/05/2020 11:06     Subject: Since most travel programs are nonprofits are they eligible for stimulus assistance?
Anyone have any knowledge on this from a business standpoint?