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PPP Loan Data — Mind Research Institute, Irvine, CA

SBA PPP loan data, payroll data, and salaries for Mind Research Institute
CA Nonprofit Organization

Mind Research Institute

Entity: Non-profit Organization

Industry: Educational Support Services

Location: Irvine, CA

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Mind Research Institute is a non-profit organization located at 5281 California Ave in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $3,456,100.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 168 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Mind Research Institute in Irvine, CA received a Paycheck Protection Loan of $3.46M through COMMERCIAL BANK OF CALIFORNIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mind Research Institute's total 2019 payroll expenses were approximately $16.59M in order to qualify for the PPP loan amount received.

Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $98,746 per employee1.

Because the loan received by Mind Research Institute 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 - Mind Research Institute in Irvine, CA

Mind Research Institute
5281 California Ave
Irvine, CA 92617

Business Industry

Educational Support Services (NAICS code 611710)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: NON-VETERAN

Congressional District: CA-45

Similar Companies near Irvine

In the Irvine area, 11 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 168) and received an average PPP loan of $392,585 (compared to this company's $3.46M).

Industry PPP Comparison Statistics

Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 9 employees, 95% lower than Mind Research Institute's reported 168 employees, and received an average PPP loan of $95,025, 97% lower than this company's loan of $3.46M.

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 - The Civil Employee's Resource **