A global pandemic – a childcare/educational crisis – escalating economic loss – a sector under siege or boarded up while adapting to the needs of our communities. This is beyond the disasters that Alaskans know of like earthquakes, floods, and fires. These disasters come quickly, leaving us devastated, but a clear path forward soon emerges. Our current crisis is the longest marathon at sprint pace most of us have known. Adjusting is an understatement. Recovery is a faraway place as we live in the here and now and do our best to put the puzzle pieces of relief together.
What we know is that as a sector we are the safety net. We are fire service, childcare, and food security. We are human support. We are human spirit. We are essential to the economy. These are the messages we are all sharing, and I know that many of us are not sure how it will end. There are staggering stories like this one in the New York Times, which highlights our partners at the National Council of Nonprofits, and shows us what it is like outside. Or this one from the Nonprofit Quarterly that focuses on layoffs in the sector and found that 1.6 million nonprofit employees lost their jobs in the three months from March through May.
We see signs of these losses here in Alaska, too. And, still, we also see signs of you taking charge and seeking support in many ways so you can continue to serve your missions. (We thank our local governments for making specific and easily accessed grant programs to help you.) We are grateful, too, that you are accessing our COVID-19 relief page as a trusted, up-to-date source of information, and that you’re attending our rapid relief webinars in record numbers. Know that we are working in as many ways as we can to ensure you will thrive not just survive in this new reality.
We are also thankful to our friends at the University of Alaska Center for Economic Development who crunched a few extra numbers for us on how nonprofits accessed the first round of PPP, and we share that data with you below. We know this program was not an option for many of you, but it does give us a sliver of understanding. If you want to see their full report that goes beyond the sector go here.
|Nonprofit org?||Number of Small Loans (under 150K)||Number of Large Loans (over 150K)||Total Loans||%|
|NAICS Description||Number of Loans|
|Civic and Social Organizations||89|
|Educational Support Services||16|
|Other Individual and Family Services||15|
|Environment, Conservation and Wildlife Organizations||14|
|Child Day Care Services||13|
|All Other Outpatient Care Centers||11|
|Elementary and Secondary Schools||11|
|Other Social Advocacy Organizations||11|
|Lender||Number of Loans|
|First National Bank Alaska||153|
|Wells Fargo Bank, National Association||70|
|Alaska USA FCU||42|
|Mt. McKinley Bank||39|
|Denali State Bank||28|
|Matanuska Valley FCU||17|
|KeyBank National Association||16|
|Celtic Bank Corporation||4|
Very soon we will launch another statewide survey so we can learn more about COVID’s impact on the sector. We hope you will participate and share your experiences. But more importantly, if you are struggling right now, please reach out to us. We truly believe that asking for support is a sign of strength. We are ready to practice “we care” with you not just hope you are finding some self-care. We are ready with new offers and new ways of leaning in. Let’s navigate this unimaginable journey together.