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ERTC
Hi everyone! I’m curious to hear from other non profits that rely primarily on government funding regarding their experience with the Employee Retention Tax Credit program. Our agency, a $10MM housing and homeless services organization, was operationally inconvenienced by COVID, but we continued to deliver our contracted services; when the smoke cleared COVID had not adversely impacted our finances. Our auditor has also expressed concern vis a vis the “double dipping” issue, as restricted funding comprises over 85% of our budget. At the same time, I know of other nonprofits in the same boat who have benefited from the ERC. Would love to hear your thoughts on this issue. Thanks!