PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated September 30, 2023)

PPP Loan Data — New Visions Charter Schools, New York, NY

SBA PPP loan data, payroll data, and salaries for New Visions Charter Schools
NY Nonprofit Organization

New Visions Charter Schools

Entity: Non-profit Organization

Industry: Educational Support Services

Location: New York, NY

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New Visions Charter Schools is a non-profit organization located at 205 East 42nd St., 4th Floor 0.0 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,583,957.00 in April, 2020.

$ PPP Loan Information
Loan #1446757104

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


JPMorgan Chase Bank, National Association

New Visions Charter Schools in New York, NY received a Paycheck Protection Loan of $3.58M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, New Visions Charter Schools' 2019 payroll expenses are estimated to be at least $17.2M.

Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $81,919 per employee1

Reported PPP Proceed Usage:

On the PPP application, New Visions Charter Schools reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,573,557
  • Utilities: $10,400
Because the loan received by New Visions Charter Schools 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 - New Visions Charter Schools in New York, NY

New Visions Charter Schools
205 East 42nd St., 4th Floor 0.0
New York, NY 10017

Business Industry:
Educational Support Services
NAICS code 611710

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as New Visions Charter Schools.

New Visions Charter High School For The Humanities
Elementary and Secondary Schools

$1.56M PPP Loan

New Visions For Public Schools, Inc
Educational Support Services

$3.45M PPP Loan

Similar Companies near New York

In the New York area, 88 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 210) and received an average PPP loan of $459,425 (compared to this company's $3.58M).

Industry PPP Comparison Statistics

Nationwide, 38,218 businesses in the "Educational Support Services" industry received a total of $2.32B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 7 employees, 97% lower than New Visions Charter Schools' reported 210 employees, and received an average PPP loan of $60,661, 98% lower than this company's loan of $3.58M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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