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PPP Loan Data — New York Hall Of Science, Corona, NY

SBA PPP loan data, payroll data, and salaries for New York Hall Of Science
NY Nonprofit Organization

New York Hall Of Science

Entity: Non-profit Organization

Industry: Museums

Location: Corona, NY

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New York Hall Of Science is a non-profit organization located at Shih-chang Lu in Corona, New York that received a Coronavirus-related PPP loan from the SBA of $2,514,275.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.51M

Jobs Retained:

285

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

New York Hall Of Science received a Paycheck Protection Loan of $2.51M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, New York Hall Of Science's total 2019 payroll expenses were approximately $12.07M in order to qualify for the PPP loan amount received.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $42,346 per employee1.

Because the loan received by New York Hall Of Science 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 York Hall Of Science in Corona, NY

New York Hall Of Science
Shih-chang Lu
Corona, NY 11368

Business Industry

Museums (NAICS code 712110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-14

Similar Companies near Corona

In the Corona area, 3 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 285) and received an average PPP loan of $1,030,060 (compared to this company's $2.51M).

Industry PPP Comparison Statistics

Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 94% lower than New York Hall Of Science's reported 285 employees, and received an average PPP loan of $162,172, 94% lower than this company's loan of $2.51M.

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.

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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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/new-york-hall-of-science-corona-ny