4Cultural Recovery Fund for Organizations Sample Clauses

4Cultural Recovery Fund for Organizations. This program aims to increase employment opportunities and public program offerings by King County cultural organizations. Disaster relief grants will be offered to small and mid-sized nonprofit cultural organizations with annual revenue of less than $1 million to stabilize operations, stimulate rehiring, and relaunch public programs. Grant awards will be assessed by reviewing gross revenue as reported on 2019 and 2020 Form 990s or Form 1040s for each organization and award amounts of up to 80% of loss will be provided to eligible organizations. 4Culture will collaborate with the City of Seattle by sharing a single application form. Awards will be made separately, with the City of Seattle and 4Culture independently determining awards and issuing separate contracts. Applicants must provide official tax documents for fiscal years 2019 and 2020 that demonstrate a revenue loss for the 2020 season as compared to 2019. Applicants that utilize a fiscal year that does not match the calendar year must use the two consecutive fiscal years from 2019 to 2021 that best represent their pre- pandemic revenue and the effect of the pandemic. Staff will review applications materials and determine eligibility based on the eligibility criteria. Staff provide eligible applicants to a panel of reviewers who review and score applications using the selection criteria. • Demonstrate a three-year minimum operating history • Demonstrate a record of artistic, cultural, or historic preservation accomplishment within King County through one of the following conditions: o Receive a previous Sustained Support award from 4Culture. o Receive a minimum average Public Benefit score of 1 point out of a possible 5 points across all reviews during the 2022 Sustained Support grant panel process. Each panelist individually provides a Public Benefit score after reviewing each application. To qualify for 4Culture Recovery Funds, eligible organizations must: • Clearly state plans to remain in operation through 2022 and rebuild capacity lost since the start of the COVID-19 pandemic. • Plan to offer public benefit through their programs and activities in 2022. Demonstrated organizational adaptability in response to the challenges of COVID-19 and programmatic flexibility in response to their community needs. • Show at least a $1,000 reduction in revenue from 2019 to 2020 due to the pandemic.
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