FederalPay.org
PPP Loan Data — New Visions Charter Schools,
New York, NY
New Visions Charter Schools
Entity: Non-profit Organization
Industry: Educational Support Services
Location: New York, NY
Tweet This
•
Search All PPP Data
New Visions Charter Schools is a non-profit organization located at 205 East 42nd St., 4th Floor 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 Size:
Jobs Retained:
210Loan Approved:
2020-04-10Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONNew Visions Charter Schools received a Paycheck Protection Loan of $3.58M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, New Visions Charter Schools' total 2019 payroll expenses were approximately $17.2M in order to qualify for the PPP loan amount received.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $81,919 per employee1.
Business Information - New Visions Charter Schools in New York, NY
205 East 42nd St., 4th Floor
New York, NY 10017
Business Industry
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 45 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 210) and received an average PPP loan of $632,100 (compared to this company's $3.58M).
Similar Nearby Businesses Who Received PPP Funding:
Deow Resource Management Inc
New York, NY
Tntp Inc
New York, NY
The Center For Arts Education, Inc.
New York, NY
US-Uhak Inc
New York, NY
Symbiosis Educational Consultants
New York, NY
Los Ninos Services, Inc.
New York, NY
Board Of Jewish Education, Inc
New York, NY
Shen Milsom & Wilke LLC
New York, NY
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, 96% lower than New Visions Charter Schools' reported 210 employees, and received an average PPP loan of $95,025, 97% 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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!