Contributions of the Paycheck Protection Program to Nonprofit Short-Term Sustainability-Reference-Cited by-同舟云学术

Contributions of the Paycheck Protection Program to Nonprofit Short-Term Sustainability

Published:2023-04-20 Issue:1 Volume:53 Page:186-209
ISSN:0899-7640
Container-title:Nonprofit and Voluntary Sector Quarterly
language:en
Short-container-title:Nonprofit and Voluntary Sector Quarterly

Author:

Mumford Steven W.¹^ORCID,Hutton Nicole S.²^ORCID,Riegel Stephanie M.³

Affiliation:

1. University of New Orleans, LA, USA

2. Old Dominion University, Norfolk, VA, USA

3. Staff Writer, The Advocate, New Orleans, LA, USA

Abstract

This article draws on literature on nonprofit resilience to hazards to explore the impact of federal Paycheck Protection Program (PPP) loans on nonprofits’ staffing, services, and financial health during the COVID-19 pandemic’s first year. Through propensity score matching with survey data collected in spring 2020 and winter 2021 from the New Orleans area, linked to publicly available PPP data, nonprofits that did and did not receive a PPP loan were matched on covariates representing critical resilience capacities pre-pandemic, allowing calculation of effect sizes for short-term outcomes. Results suggest that PPP tentatively supported nonprofit liquidity in the form of reserves, but had at best mixed results in promoting service maintenance, and did not support hiring or staff retention in excess of the non-treatment group. Despite the small sample size, these preliminary findings inform how PPP may have supported short-term sustainability and help guide future federal policy to support nonprofits during crises.

Funder

Greater New Orleans Foundation

Greater New Orleans Funders Network

University of New Orleans Tolmas Scholars Program

Publisher

SAGE Publications

Subject

Social Sciences (miscellaneous)

Link

http://journals.sagepub.com/doi/pdf/10.1177/08997640231164538

Reference42 articles.

1. Autor D., Cho D., Crane L. D., Goldar M., Lutz B., Montes J., Peterman W., Ratner D., Villar D., Yildirmaz A. (2020). An evaluation of the Paycheck Protection Program using administrative payroll microdata [Unpublished manuscript, 22]. https://blueprintcdn.com/wp-content/uploads/2021/08/An-Evaluation-of-the-Paycheck-Protection-Program-Using-Administrative-Payroll-Microdata.pdf

2. The U.S. Labor Market during the Beginning of the Pandemic Recession

3. Faulk L., Kim M., Derrick-Mills T., Boris E., Tomasko L., Hakizimana N., Chen T., Kim M., Nath L. (2021). Nonprofit trends and impacts 2021. Urban Institute Center on Nonprofits and Philanthropy. https://www.urban.org/research/publication/nonprofit-trends-and-impacts-2021

4. Network Connections and Competitively Awarded Funding: The impacts of board network structures and status interlocks on nonprofit organizations’ foundation grant acquisition

5. Federal Emergency Management Agency. (2018, February). Continuity guidance circular. U.S. Department of Homeland Security. https://www.fema.gov/sites/default/files/2020-07/Continuity-Guidance-Circular_031218.pdf

Cited by 1 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Tracing the effect of the paycheck protection program on nonprofit capacity to sustain payroll and services during COVID‐19;Nonprofit Management and Leadership;2023-12-27