Volunteer Iowa and the Iowa Economic Development Authority (IEDA) announced today the launch of the Iowa Nonprofit Recovery Fund, an extension of the Iowa Small Business Relief Grant Program.
The program will provide short-term relief to nonprofit organizations that have seen reduced revenue and/or increased costs as a result of the COVID-19 pandemic. Eligible nonprofits may be awarded a grant of up to $25,000, based on income, expenses, outstanding obligations and other state and federal assistance received. The program has $10 million available, which was allocated through federal CARES Act funds.
Applications will be reviewed in the order received and awarded on a first come, first ready to process basis. Applications will be accepted until August 14 at 5 pm or until funds have been exhausted.
Initially eligible nonprofits must be a 501(c)(3), 501(c)(6) or 501(c)(19), be based in Iowa and have:
- Experienced a documented, involuntary loss of revenue and/or increase in expenses that occurred after March 1, 2020 due to the COVID-19 public health emergency
- Annual operating budget of more than $25,000
- Twenty-five or fewer full-time equivalent employees
- A primary mission to serve the program’s priority service populations
For more information on eligibility and assistance or to apply, visit iowabusinessrecovery.com
Questions regarding the Iowa Nonprofit Recovery Fund can be addressed by calling 515.348.8897 (toll free: 855.854.2440).
NOTE: All nonprofits are encouraged to apply, even if they do not meet the initial eligibility requirements listed below. There is potential for the current funding to extend beyond this initial eligibility. If a nonprofit does not begin an initial application they will not be notified/invited to complete a full application, if eligibility is expanded in the future. Further, adding as many nonprofits to the queue as possible will help us demonstrate the full need of the nonprofit sector and build the case for additional support through the Iowa Nonprofit Recovery Fund and/or future nonprofit relief programs from both the state and federal levels.