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PPP Loan Data — Catholic Mutual Relief Society Of America, Omaha, NE

SBA PPP loan data, payroll data, and salaries for Catholic Mutual Relief Society Of America
NE Nonprofit Organization

Catholic Mutual Relief Society Of America

Entity: Non-profit Organization

Industry: Religious Organizations

Location: Omaha, NE

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Catholic Mutual Relief Society Of America is a non-profit organization located at 10843 Old Mill Rd in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $4,377,400.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 242 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.38M

Jobs Retained:

242

Loan Approved:

2020-04-15

Lender:

GREAT PLAINS STATE BANK

Catholic Mutual Relief Society Of America received a Paycheck Protection Loan of $4.38M through GREAT PLAINS STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Catholic Mutual Relief Society Of America's total 2019 payroll expenses were approximately $21.01M in order to qualify for the PPP loan amount received.

Based on their reported 242 jobs retained, this equals an estimated average yearly compensation of $86,824 per employee1.

Because the loan received by Catholic Mutual Relief Society Of America is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Catholic Mutual Relief Society Of America in Omaha, NE

Catholic Mutual Relief Society Of America
10843 Old Mill Rd
Omaha, NE 68154

Business Industry

Religious Organizations (NAICS code 813110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NE-02

Similar Companies near Omaha

In the Omaha area, 8 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 242) and received an average PPP loan of $1,021,816 (compared to this company's $4.38M).

Industry PPP Comparison Statistics

Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 95% lower than Catholic Mutual Relief Society Of America's reported 242 employees, and received an average PPP loan of $80,782, 98% lower than this company's loan of $4.38M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/catholic-mutual-relief-society-of-america-omaha-ne