PPP Loan Data — Ross Institute, East Hampton, NY
Ross Institute is a non-profit organization located at 18 Goodfriend Drive in East Hampton, New York that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
$ PPP Loan Information
Ross Institute in East Hampton, NY received a Paycheck Protection Loan of $2.5M through BNB BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ross Institute's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $82,759 per employee1.
Business Information - Ross Institute in East Hampton, NY
18 Goodfriend Drive
East Hampton, NY 11937
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-01
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, 74% lower than Ross Institute's reported 145 employees, and received an average PPP loan of $379,166, 85% lower than this company's loan of $2.5M.
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Footnotes & Information
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