Have You Considered FEMA Funding for Your COVID Expenses? Time Is Running Out
By Frank Miceli, Partner, Assurance Services
Not-for-profit organizations incurred substantial expenses due to COVID, and many very likely don’t realize that some residual expenses qualify for reimbursement from government funding sources. One of those funding sources is the Federal Emergency Management Agency (FEMA). The CARES Act designated $400 billion for federal assistance programs managed by FEMA. This legislation allows qualifying organizations, including 501(c)(3) organizations, to receive up to 100% reimbursement for expenses incurred through December 31, 2022.
The deadline for submitting for reimbursement was recently extended to March 31, 2023 for certain states. Although the application process can be complex and time-consuming, it can result in millions of dollars of reimbursement to help offset the burden of COVID-related costs.
For more information on the FEMA program, contact one of Marcum’s healthcare team members.