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PPP Loan Data — Colorado Museum Of Natural History, Denver, CO

SBA PPP loan data, payroll data, and salaries for Colorado Museum Of Natural History
CO Nonprofit Organization

Colorado Museum Of Natural History

Entity: Non-profit Organization

Industry: Museums

Location: Denver, CO

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Colorado Museum Of Natural History is a non-profit organization located at 2001 N Colorado Blvd in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $5,087,357.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.09M

Jobs Retained:

494

Loan Approved:

2020-04-27

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Colorado Museum Of Natural History received a Paycheck Protection Loan of $5.09M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Colorado Museum Of Natural History's total 2019 payroll expenses were approximately $24.42M in order to qualify for the PPP loan amount received.

Based on their reported 494 jobs retained, this equals an estimated average yearly compensation of $49,432 per employee1.

Because the loan received by Colorado Museum Of Natural History 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 - Colorado Museum Of Natural History in Denver, CO

Colorado Museum Of Natural History
2001 N Colorado Blvd
Denver, CO 80205

Business Industry

Museums (NAICS code 712110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 11 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 494) and received an average PPP loan of $812,090 (compared to this company's $5.09M).

Industry PPP Comparison Statistics

Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 16 employees, 97% lower than Colorado Museum Of Natural History's reported 494 employees, and received an average PPP loan of $162,172, 97% lower than this company's loan of $5.09M.

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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Source: www.federalpay.org/paycheck-protection-program/colorado-museum-of-natural-history-denver-co