PPP Loan Data — Montclair Kimberley Academy Foundation, Montclair, NJ
Montclair Kimberley Academy Foundation is a non-profit organization located at 201 Valley Road in Montclair, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,625,000.00 in April, 2020.
$ PPP Loan Information
Montclair Kimberley Academy Foundation in Montclair, NJ received a Paycheck Protection Loan of $4.63M through CONNECTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Montclair Kimberley Academy Foundation's total 2019 payroll expenses were approximately $22.2M in order to qualify for the PPP loan amount received.
Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $45,122 per employee1.
Business Information - Montclair Kimberley Academy Foundation in Montclair, NJ
201 Valley Road
Montclair, NJ 7042
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-10
Similar Companies near Montclair
In the Montclair area, 7 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 492) and received an average PPP loan of $873,368 (compared to this company's $4.63M).
Similar Nearby Businesses Who Received PPP Funding:
Millburn Montessori LLC
Upper Montclair, NJ
The Montclair Cooperative School
Evolution Lacrosse Academy LLC
Immaculate Conception High School
The Parkside Montessori School Inc
Industry PPP Comparison Statistics
Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 92% lower than Montclair Kimberley Academy Foundation's reported 492 employees, and received an average PPP loan of $379,166, 92% lower than this company's loan of $4.63M.
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Footnotes & Information
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