Vermont Emergency Economic Recovery Grants
FAQs for Nonprofit Arts and Culture Organizations
Emergency Economic Recovery Grants are intended to provide economic support to businesses and nonprofits in Vermont that have suffered economic losses as a result of the COVID-19 public health emergency.
For-profit creative sector businesses are eligible to apply for Emergency Economic Recovery Grants and should consult the application guidelines on the ACCD website. The following guidance is specifically for nonprofit organizations.
Who is eligible?
Nonprofit arts and culture organizations in Vermont that have experienced a 50% or greater drop in total revenue in any one-month period from March 1, 2020 to August 31, 2020, when compared with the same month in 2019.
“Arts and Cultural Organizations” includes nonprofit organizations whose missions center arts and cultural work for the public. Examples include, but are not limited to:
- Art/Craft guilds and councils
- Artist collectives
- Community arts centers
- Cultural attractions
- Dance companies
- Film and literary festivals
- Historic sites
- Libraries and archives
- Museums of all content areas
- Theaters and performing arts venues
- Fiscal agent applications are not eligible.
- K-12 and Higher Education institutions are not eligible.
For purposes of calculating the 50% or greater reduction in revenue, nonprofits may not include tax-deductible charitable contributions.
Your organization must be registered in Vermont, have at least one W-2 employee, and have been open and active before February 15, 2020. A complete list of requirements may be found here: https://accd.vermont.gov/covid-19/economic-recovery-grants
How and when do I apply?
You can access a link to the application at the ACCD website. Applications will be accepted beginning Monday, July 6, 2020 and will be available until funds are depleted.
What documents are required for the application?
We recommend you gather the following information before you start an application. All documents must be in PDF format:
- Information on your W-9
- Your organization’s most recent federal Form 990 or Form 990-EZ
- Income statements month by month for 2019 and 2020 (YTD)
- Vermont employer identification number (used for Vermont Department of Labor filings). Providing this number is not required, but helps populate some of the application required fields.
- Federal Employer Identification Number (EIN)
- Contact information for the individual responsible for the application
The application should take about 10-15 minutes to complete if you have all your materials ready. Grants will be awarded on a first come, first served basis, so having everything you need to apply ready when the application goes live is very important.
How is the grant calculated?
If you qualify for a grant, your grant will be 10% of your program revenue reported for calendar year 2019, less any business interruption insurance. The maximum grant is $50,000. Businesses with more than $20,000,000 in total revenue in calendar year 2019 are not eligible for a grant.
My organization received a grant from the Paycheck Protection Program (PPP) or an Economic Injury Disaster Loan (EIDL). Are we still eligible to apply?
Yes. The State recognizes that these other programs only cover a portion of the costs and/or lost revenues that businesses face as a result of COVID-19. However, you may not use an Emergency Economic Recovery Grant to cover the same portion of costs/lost revenues that are covered by PPP, EIDL, or other sources of CARES Act funding.
We received a Cultural Relief Grant from the Vermont Arts Council or Vermont Humanities. Are we still eligible to apply?
Yes. When answering questions about your eligibility in STEP 2 of the application, anyone who received a Cultural Relief grant from the Arts Council or Vermont Humanities should answer NO to the following question: “Have you received an economic recovery grant from the Agency of Agriculture, Dept. of Tax or other Vermont Agency?” In STEP 4 of the application, these organizations should disclose their Cultural Relief grant in the "other grant" section.
What does the “50% or greater drop in total revenue” requirement mean?
Economic Recovery Grants require businesses to demonstrate at least a 50% loss in total revenue for any one-month period from March 1, 2020 through August 31, 2020, compared to the same month in 2019. You will be required to document this loss by uploading monthly income statements demonstrating a loss for one of the months: March, April, May, or June. If your 50% or greater loss in revenue will not happen until July or August, you will need to wait until the loss is suffered before you can apply. For purposes of calculating the 50% or greater reduction in revenue, nonprofits may not include tax-deductible charitable contributions.
Where can I get more information?
For a complete list of FAQs, please consult the ACCD website: https://accd.vermont.gov/covid-19/economic-recovery-grants/faqs
The Vermont Arts Council will host virtual office hours to help creative sector businesses and organizations in this process. Feel free to “drop in” via Zoom during the following hours:
- Monday, July 6, 9-10 am. Click here to drop in Monday.
- Tuesday, July 7, 9-10 am. Click here to drop in Tuesday.
ACCD Help Line: 802.828.1200
How do I find out my organization's NAICS code?
The North American Industry Classification System (NAICS) classifies business establishments by type of economic activity. You must choose the code from the list below that most closely matches your organization's activities. Please note: the NAICS code will not affect your eligibility or grant amount.
- 519120 Libraries and Archives
- 712110 Museums
- 712120 Historical Sites
- 712130 Zoos and Botanical Gardens
- 711190 Other Performing Arts Companies
- 711120 Dance Companies
- 711110 Theater Companies and Dinner Theaters
- 611610 Fine Arts Schools (non-academic)
- 711310 Promoters of Performing Arts, Sports, and Similar Events with Facilities
- 711320 Promoters of Performing Arts, Sports, and Similar Events without Facilities