FederalPay.org
PPP Loan Data — New-York Historical Society,
New York, NY
New-York Historical Society
Entity: Non-profit Organization
Industry: Museums
Location: New York, NY
Tweet This
•
Search All PPP Data
New-York Historical Society is a non-profit organization located at 170 Central Park W in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
The company has reported itself as a male owned non-profit, and employed at least 274 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1833818606
Loan Size:
Jobs Retained:
274Loan Approved:
2021-03-13Loan Status:
Paid in Full or ForgivenLender:
Loan Source IncorporatedNew-York Historical Society in New York, NY received a Paycheck Protection Loan of $2M through Loan Source Incorporated, which was approved in March, 2021.
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 July, 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 MoreUnderstanding 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 MoreBased 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-York Historical Society's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $35,036 per employee1
Reported PPP Proceed Usage:
On the PPP application, New-York Historical Society reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - New-York Historical Society in New York, NY
170 Central Park W
New York, NY 10024
Business Industry:
Museums
NAICS code 712110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 9 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 274) and received an average PPP loan of $783,826 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Saphira & Ventura Gallery Inc
New York, NY
Joseph K. Levene Fine Art, LTD
New York, NY
Gartenberg Media Enterprises, Inc
New York City, NY
Alan Robert Ginsberg
New York, NY
Children's Museum Of Manhattan
New York, NY
Sasha Wolf Gallery LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 7,165 businesses in the "Museums" industry received a total of $1.13B 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 18 employees, 93% lower than New-York Historical Society's reported 274 employees, and received an average PPP loan of $157,096, 92% lower than this company's loan of $2M.
New York Historical Society
Entity: Non-profit Organization
Industry: Museums
Location: New York, NY
Tweet This
•
Search All PPP Data
New York Historical Society is a non-profit organization located at 170 Central Park W. in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,607,600.00 in April, 2020.
$
PPP Loan Information
Loan #9020457205
Loan Size:
Jobs Retained:
365Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Peapack-Gladstone BankNew York Historical Society in New York, NY received a Paycheck Protection Loan of $3.61M through Peapack-Gladstone Bank, 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 September, 2021.
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 MoreUnderstanding 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 MoreBased 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 York Historical Society's 2019 payroll expenses are estimated to be at least $17.32M.
Based on their reported 365 jobs retained, this equals an estimated average yearly compensation of $47,442 per employee1
Reported PPP Proceed Usage:
On the PPP application, New York Historical Society reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,607,600
Business Information - New York Historical Society in New York, NY
170 Central Park W.
New York, NY 10024
Business Industry:
Museums
NAICS code 712110
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
Similar Companies near New York
In the New York area, 9 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 365) and received an average PPP loan of $783,826 (compared to this company's $3.61M).
Similar Nearby Businesses Who Received PPP Funding:
Saphira & Ventura Gallery Inc
New York, NY
Joseph K. Levene Fine Art, LTD
New York, NY
Gartenberg Media Enterprises, Inc
New York City, NY
Alan Robert Ginsberg
New York, NY
Children's Museum Of Manhattan
New York, NY
Sasha Wolf Gallery LLC
New York, NY
Industry PPP Comparison Statistics
Nationwide, 7,165 businesses in the "Museums" industry received a total of $1.13B 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 18 employees, 95% lower than New York Historical Society's reported 365 employees, and received an average PPP loan of $157,096, 96% lower than this company's loan of $3.61M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!