ABOUT THE FUND
Ongoing pandemic response for COVID-19 related losses and expenses for Wyoming businesses and select nonprofits
Timing: Opened November 2, 2020; Closed November 18, 2020, at 8 PM
Funding: Up to $250,000; Cannot apply more than one time per fund
Eligible Entities: All affected Wyoming businesses and 501(c)3, (c)6, (c)12, (c)19 nonprofits with no more than 50 percent of time spent on lobbying
Eligible time frame: March 13, 2020, to application date
Total Funding Available: At least $24 million from unspent dollars from the Wyoming Legislature's COVID-19 Business Relief Program
SPECIAL NOTE: Due to high demand for the Endurance Fund, the Wyoming Business Council will prioritize the review and approval of these applications based on previously received BRP funding. Applicants are not guaranteed funding at this time and will be placed on waitlists.
Has at least one full time (30 or more hours per week) employee; Owner counts as employee
Established on or before March 13, 2020
Headquartered in Wyoming or more than 50 percent of the company’s primary work is located in Wyoming AND at least 60 percent of their employees employed in Wyoming or 60 percent of the business payroll paid to individuals living in Wyoming
Must be one of the following: 501(c)(3), 501(c)(6), 501(c)(12), or 501(c)(19)
No minimum/maximum number of employees (part or full time); Volunteer-run organizations are eligible
Established on or before March 13, 2020
Headquartered in Wyoming or principal operations in Wyoming AND at least 60 percent of their employees employed in Wyoming or 60 percent of the business payroll paid to individuals living in Wyoming.
Must have no more than 50 percent of time spent on lobbying
Funding awarded shall be used by eligible businesses to compensate for actual losses and for the following three categories of expenses already incurred associated with the COVID-19 pandemic:
Personal Protection Equipment: Equipment worn to minimize exposure to a variety of hazards; including, but not limited to, gloves, foot and eye protection, masks, respirators, and full bodysuits
Cleaning/Sanitizing Supplies: Any product used to prevent the spread of disease by killing germs on surfaces and skin.
Signage: Graphic designs, as symbols, emblems, or words, used especially for identification or as a means of giving direction(s) or warning(s) associated with the COVID-19 pandemic
Use this worksheet to help you calculate your Endurance Fund award amount.
We've created these helpful video tutorials to help walk you through the application as well as instruct you on how to create a new business profile. Click on the links below to view the videos.
FREQUENTLY ASKED QUESTIONS
What kind of losses is the Endurance Fund intended to cover? What does “Lost Business Revenue” mean?
What are “COVID-19 Related Expenses” and what expenses am I allowed to claim for the Endurance Fund?
Is there a step by step guide on how to apply?
A worksheet is available to download on this webpage to help you calculate your fund amount as well as a video tutorial to walk you through the application process step-by-step.
Why is the Endurance Fund closing on November 18, 2020?
The federal CARES Act requires all funding be allocated and reporting complete before December 30, 2020. As such, the Wyoming Business Council must close applications for the Agriculture and Endurance funds on November 18, 2020, in order to have sufficient time to review all applications and issue and postmark all payments by December 30, 2020. For the last two funds from the COVID-19 Business Relief Program, the Relief and Mitigation Funds, it took the Business Council and State Auditor’s Office more than 30 days to issue $203.2 million in payments to 3,100 businesses and nonprofits.
Will these funds have to be paid back?
Who can I contact for help?
Are government entities eligible?
Can I apply multiple times?
I received funding from the Interruption, Relief, and/or Mitigation Funds. Can I apply for this Fund too?
If approved, how will I receive my money?
Businesses or nonprofits that are already set up in the state Vendor Management System will receive their award via an electronic funds transfer; all other businesses/nonprofits not in the system will receive a check sent via certified mail from the State Auditor's Office to the mailing address listed on their application.
All applicants receiving funding under any of the Wyoming Business Relief programs will have their name (or business name) and the amount of any award(s) received listed on the Wyoming State Auditor's transparency website at wyopen.gov/wbc.
All funds received under the Wyoming Business Relief Program must be reported as taxable income on your next federal tax filing and the State Auditor's Office will mail out appropriate tax documentation. Applicants are encouraged to work with a qualified accountant to determine how funds awarded under this program affect their tax situation; the Wyoming Business Council cannot advise you on tax or business matters.
How do I apply?
How do I know my application was submitted?
How long will it take to know if my application is approved and to receive funding?
If my application is denied, is there an appeal process?
After FIVE (5) calendar days the application will no longer be eligible for funding.
Denied applications may appeal with a typed summary of business’ activities, history, industry, etc. plus one or more of the following documentation:
Tax Return forms filed with the IRS; (B) Schedule C of IRS form 1040, Schedule F of IRS form 1040, any other form necessary to establish a business’ existence
Documentation of EIN from IRS
Failure to submit the aforementioned documentation within FIVE (5) calendar days will result in denial of the application.
Any eligible business found using multiple methods (EIN and SSN) to apply for numerous awards may be denied any or all applications at the Business Council’s sole discretion.
The approval or denial determination of the Business Council is final.
Will I be audited if I receive funding?
Is there a minimum or maximum number of full-time employees required to apply for the Endurance Fund?
Wyoming businesses applying for the Endurance Fund must have at least one full-time employees (30 or more hours per week) and the owner can count as this one employees.
What CARES Act funds do I need to include in my application and why?
What forms or additional information do I need to complete my application or verify my business?
How will I hear from the State of Wyoming about my application?
Depending on the correspondence or information needed, you might hear from the Wyoming Business Council, Secretary of State or State Auditor's Office in a number of ways:
What is "Gross Revenue"?
Gross revenue is the total amount of sales recognized for a reporting period, prior to any deductions. This figure indicates the ability of a business to sell goods and services, but not its ability to generate a profit. Deductions from gross revenue include sales discounts and sales returns. When these deductions are netted against gross revenue, the aggregate amount is referred to as net revenue or net sales. Gross Revenue is found at the top of your income statement.
If I received funds from the Mitigation Fund or had an Extraordinary Expenditure Plan in the Relief Fund, do I include those same expenses on my Endurance Fund worksheet?
If you had Personal Protective Equipment, Cleaning/Sanitation Supplies, or Signage in previous programs please include those expenses within the specific categories of the Endurance Fund. Please only include the specific categories of expenses and not the entire grant amount. Also include any additional expenses within these categories that the business has incurred since the last program application.
When do these funds need to be spent, what can they be spent on and will reporting be required?
There is no requirement on when funds need to be spent and they should be used as you would typically use business income. No reporting is required; however, all award recipients are subject to audits.
Are these grant awards considered taxable income?
Yes, any funds received through the Business Relief Program are considered taxable income and will need to be claimed on your 2020 tax return. The State Auditor’s Office will issue all fund recipients a 1099 Form for “Miscellaneous Income“.