PPP Loan Data — The Kearney Area Community Foundation, Kearney, NE
The Kearney Area Community Foundation is a non-profit organization located at 412 West 48th Street, Suite 12 in Kearney, Nebraska that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
The company has reported itself as a female owned non-profit, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Kearney Area Community Foundation in Kearney, NE received a Paycheck Protection Loan of $45,800 through Pinnacle 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, The Kearney Area Community Foundation's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Kearney Area Community Foundation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,200
- Utilities: $700
- Rent: $4,100
- Health Care: $4,800
Business Information - The Kearney Area Community Foundation in Kearney, NE
412 West 48th Street, Suite 12
Kearney, NE 68845
NAICS code 813211
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Kearney
In the Kearney area, 4 businesses in the "Grantmaking Foundations" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 3) and received an average PPP loan of $95,173 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Kearney Public Schools Foundation
Grow Nebraska Foundation
Industry PPP Comparison Statistics
Nationwide, 4,623 businesses in the "Grantmaking Foundations" industry received a total of $559.02M 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 12 employees, 300% higher than The Kearney Area Community Foundation's reported 3 employees, and received an average PPP loan of $120,922, 164% higher than this company's loan of $45,800.
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Footnotes & Information
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