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PPP Loan Data — The Academy Charter School,
Hempstead, NY
The Academy Charter School
Entity: Non-profit Organization
Industry: Unknown
Location: Hempstead, NY
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The Academy Charter School is a non-profit organization located at 117 North Franklin Street in Hempstead, New York that received a Coronavirus-related PPP loan from the SBA of $4,349,550.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
317Loan Approved:
2020-04-15Lender:
MANUFACTURERS AND TRADERS TRUST COMPANYThe Academy Charter School in Hempstead, NY received a Paycheck Protection Loan of $4.35M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Academy Charter School's total 2019 payroll expenses were approximately $20.88M in order to qualify for the PPP loan amount received.
Based on their reported 317 jobs retained, this equals an estimated average yearly compensation of $65,861 per employee1.
Business Information - The Academy Charter School in Hempstead, NY
117 North Franklin Street
Hempstead, NY 11550
Business Industry
Unknown (NAICS code 0)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-04Similar Companies near Hempstead
In the Hempstead area, 650 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 317) and received an average PPP loan of $134,127 (compared to this company's $4.35M).
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Industry PPP Comparison Statistics
Nationwide, 5,156,850 businesses in the "Unknown" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 97% lower than The Academy Charter School's reported 317 employees, and received an average PPP loan of $101,409, 98% lower than this company's loan of $4.35M.
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, 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.
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