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PPP Loan Data — Masonic Charity Foundation Of New Jersey, Burlington, NJ

SBA PPP loan data, payroll data, and salaries for Masonic Charity Foundation Of New Jersey
NJ Nonprofit Organization

Masonic Charity Foundation Of New Jersey

Entity: Non-profit Organization

Industry: All Other Personal Services

Location: Burlington, NJ

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Masonic Charity Foundation Of New Jersey is a non-profit organization located at 902 Jacksonville Rd in Burlington, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,010,070.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.01M

Jobs Retained:

411

Loan Approved:

2020-04-15

Lender:

WILMINGTON SAVINGS FUND SOCIETY, FSB

Masonic Charity Foundation Of New Jersey in Burlington, NJ received a Paycheck Protection Loan of $4.01M through WILMINGTON SAVINGS FUND SOCIETY, FSB, which was approved in April, 2020.

Based on standard PPP eligibility rules, Masonic Charity Foundation Of New Jersey's total 2019 payroll expenses were approximately $19.25M in order to qualify for the PPP loan amount received.

Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $46,833 per employee1.

Because the loan received by Masonic Charity Foundation Of New Jersey 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 - Masonic Charity Foundation Of New Jersey in Burlington, NJ

Masonic Charity Foundation Of New Jersey
902 Jacksonville Rd
Burlington, NJ 08016

Business Industry

All Other Personal Services (NAICS code 812990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-03

Similar Companies near Burlington

In the Burlington area, 12 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 411) and received an average PPP loan of $345,377 (compared to this company's $4.01M).

Industry PPP Comparison Statistics

Nationwide, 73,988 businesses in the "All Other Personal Services" industry received a total of $2,458,516,421.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 3 employees, 99% lower than Masonic Charity Foundation Of New Jersey's reported 411 employees, and received an average PPP loan of $33,229, 99% lower than this company's loan of $4.01M.

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.

Search FederalPay's Full PPP Loan Database

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/masonic-charity-foundation-of-new-jersey-burlington-nj