PPP Loan Data — Dallas Museum Of Art, Dallas, TX
Dallas Museum Of Art is a non-profit organization located at 1717 North Harwood Street in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,501,003.00 in April, 2020.
$ PPP Loan Information
Dallas Museum Of Art in Dallas, TX received a Paycheck Protection Loan of $2.5M through MAPLEMARK BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dallas Museum Of Art's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 262 jobs retained, this equals an estimated average yearly compensation of $45,820 per employee1.
Business Information - Dallas Museum Of Art in Dallas, TX
1717 North Harwood Street
Dallas, TX 75201
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-30
Similar Companies near Dallas
In the Dallas area, 6 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 262) and received an average PPP loan of $959,261 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
The Dallas County Historical Foundation
The Nasher Sculpture Center
Hall Galleries, Inc.
Dallas Holocaust And Human Rights Museum
Perot Museum Of Nature And Science
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, 94% lower than Dallas Museum Of Art's reported 262 employees, and received an average PPP loan of $162,172, 94% lower than this company's loan of $2.5M.
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, and is published unmodified, as provided by the SBA.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!