Dear Clients and Friends,

Welcome to the Spring/Summer edition of the GJC AdvisorNonprofit Organizations and Foundations Update.

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As we all continue to deal with the impact of the novel coronavirus COVID-19 and this rapidly-changing situation, there continues to to be new developments. Rest assured that GJC will continue to keep you updated with how these developments may impact you and your business, whether accounting and reporting related, or otherwise.
Recent content we have shared related to this pandemic include the following:
We hope you enjoy this edition of the GJC Advisor. As always, if you have any questions, feel free to contact us.
Stay healthy, stay positive!
COVID-19: How Nonprofits Are Adapting to Change
On April 14, BDO USA hosted a webinar titled, COVID-19: How Nonprofits Are Adapting to Change. The webinar presentation slides in the link below informs about the latest update on the CARES Act affecting nonprofit organizations and strategies for sustainability.
How does the CARES Act Help Nonprofits and Higher Education Institutions?
Nonprofit organizations and higher education institutions have been hard at work trying to help the world navigate the novel coronavirus (COVID-19) pandemic.  While trying to maintain focus on their missions, these organizations and institutions face massive uncertainty in the face of COVID-19, including financial turmoil, layoffs, remote work, quarantines, shelter-in-place orders and other measures.
IRS Expands COVID-19 Postponement Relief Under Notice 2020-23

On April 9, 2020, the IRS issued Notice 2020-23, which contains expanded relief for those tax forms and other filings that are postponed as was originally announced last month.  See the IRS Coronavirus website for more details.

First, the payments and returns eligible for relief are expanded.  Any tax return or payment due on or after April 1, 2020, and before July 15, 2020, is now automatically postponed to July 15, 2020-no extension forms, letters, or other forms of documentation or communication are required to make use of this relief.  This will now cover, for example, calendar-year 2020 second quarter estimated tax payments, among other things.

7 Steps for Nonprofits to Manage a Crisis
As of April 1st, confirmed cases of the novel coronavirus (COVID-19) are climbing to one million worldwide. In addition to the damage the virus has caused to human lives, the resources needed to fight the pandemic have proven scarce, leaving governments and private agencies looking for relief.
Here are seven best practices nonprofits should keep in mind when facing a crisis:

1. Organize and prepare a crisis management team. In the nonprofit space, having a crisis management team that represents your mission and programming is important. Crisis management usually isn’t a part of the core competency of a nonprofit organization – and the situation we’re in now has highlighted the need for this to change. In vulnerable times of crisis, a team with expertise tailored to fit the needs of the situation can prove just as valuable as a strong team leader and executive who facilitates crisis response.

OMB Guidance Provides Relief to Federal Award Recipients Amid 

Nonprofits and higher education institutions continue to be on the front lines of the novel coronavirus (COVID-19) pandemic. As organizations wrangle with ensuring the welfare of their own people and enabling the “new normal” of remote work, they are also contending with how to continue their mission-all while navigating funding uncertainty.

During recent weeks, we’ve seen organizations lean into their missions, particularly when they are helping those most affected by the pandemic. While many nonprofits are adapting to the crisis and beginning to plan for the future, many questions remain as this situation continues to evolve.

How to Determine if An Employer Has “Fewer Than 500 Employees” For COVID-19 Federal Paid Sick and Family Leave Mandates
The Families First Coronavirus Response Act (H.R. 6201) became law on March 18, 2020. Among other things, the Act requires employers with “fewer than 500 employees” to provide two new benefits: (1) federal emergency paid sick leave and (2) federal emergency paid family and medical leave (FMLA). As a result, employers need to know immediately how to determine if they have “fewer than 500 employees.”
Read more…



Congratulations to Peter Walkuski for passing the CPA exam!

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Peter joined the GJC team in the beginning of 2019 as an intern. He was hired on as a Staff Accountant later that year in July. Way to go Peter!
Join GJC in welcoming our newly appointed Staff Accountant Interns, Tiera Taylor and Ruben Lile!

Tiera Taylor was hired under our HBCU (Historically Black Colleges and Universities) Legacy Internship Program.  She graduated from Florida Agricultural & Mechanical University (FAMU) with a Bachelor of Science in Business Administration. Tiera anticipates graduating in May 2020.

FAMU is one of the largest schools contributing to the HBCU cause. It was established in 1887 and was founded by African Americans. The principal mission is the education of African Americans.
Also joining this summer as an intern is Ruben Lile. He currently attends Wayne State University fulfilling his Bachelor of Science in Business Administration in Accounting. Ruben is expected to graduate in December 2020.


Martin Luther King, Jr. Volunteer Service Day 2020


At GJC, we are dedicated to serve a positive purpose within our community. As part of our social responsibility for our commitment to community service, we participate in an annual volunteer day. Our largest volunteer event honors the life and legacy of Dr. Martin Luther King, Jr.


This year, our team had the pleasure to donate our time at the Fleece and Thank You warehouse, where we prepped blanket kits, cut fleece and made blankets. It was a fun day of creativity and learning more about the organization!
Fleece and Thank You, a nonprofit organization located in Farmington Hills, Michigan, is dedicated to provide connection, comfort, and hope through their blanket-making services. Their goal is to provide every child facing hospital treatments with colorful and comfortable fleece blankets and a video message of support from its maker.
We hope that the contents of this issue of the GJC Advisor will provide you with valuable information. As always, if you have any questions or comments, please do not hesitate to share them with our team members.
This general information should not be acted upon without first determining its application to your specific situation. For further details on any article, please contact us.

GJC is an Independent Member of the BDO Alliance USA