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PPP Loan Data — Green Chimneys Children's Services, Inc., Brewster, NY

SBA PPP loan data, payroll data, and salaries for Green Chimneys Children's Services, Inc.
NY Nonprofit Organization

Green Chimneys Children's Services, Inc.

Entity: Non-profit Organization

Industry: School and Employee Bus Transportation

Location: Brewster, NY

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Green Chimneys Children's Services, Inc. is a non-profit organization located at 400 Doansburg Road in Brewster, New York that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5M

Jobs Retained:

455

Loan Approved:

2020-04-11

Lender:

KEYBANK NATIONAL ASSOCIATION

Green Chimneys Children's Services, Inc. in Brewster, NY received a Paycheck Protection Loan of $5M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Green Chimneys Children's Services, Inc.'s total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.

Based on their reported 455 jobs retained, this equals an estimated average yearly compensation of $52,747 per employee1.

Because the loan received by Green Chimneys Children's Services, Inc. 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 - Green Chimneys Children's Services, Inc. in Brewster, NY

Green Chimneys Children's Services, Inc.
400 Doansburg Road
Brewster, NY 10509

Business Industry

School and Employee Bus Transportation (NAICS code 485410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-18

Industry PPP Comparison Statistics

Nationwide, 1,324 businesses in the "School and Employee Bus Transportation" industry received a total of $291,070,688.00 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 35 employees, 92% lower than Green Chimneys Children's Services, Inc.'s reported 455 employees, and received an average PPP loan of $219,842, 96% lower than this company's loan of $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.

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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/green-chimneys-childrens-services-inc-brewster-ny