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PPP Loan Data — The Frick Collection, New York, NY

SBA PPP loan data, payroll data, and salaries for The Frick Collection
NY Nonprofit Organization

The Frick Collection

Entity: Non-profit Organization

Industry: Museums

Location: New York, NY

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The Frick Collection is a non-profit organization located at 1 E 70th St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,344,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.34M

Jobs Retained:

260

Loan Approved:

2020-04-27

Lender:

FIRST REPUBLIC BANK

The Frick Collection in New York, NY received a Paycheck Protection Loan of $3.34M through FIRST REPUBLIC BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Frick Collection's total 2019 payroll expenses were approximately $16.05M in order to qualify for the PPP loan amount received.

Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $61,743 per employee1.

Because the loan received by The Frick Collection 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 - The Frick Collection in New York, NY

The Frick Collection
1 E 70th St
New York, NY 10021

Business Industry

Museums (NAICS code 712110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near New York

In the New York area, 14 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 260) and received an average PPP loan of $622,442 (compared to this company's $3.34M).

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 The Frick Collection's reported 260 employees, and received an average PPP loan of $162,172, 95% lower than this company's loan of $3.34M.

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.

Search FederalPay's Full PPP Loan Database

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/the-frick-collection-new-york-ny