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PPP Loan Data — Whitney Museum Of American Art,
New York, NY
Whitney Museum Of American Art
Entity: Non-profit Organization
Industry: Museums
Location: New York, NY
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Whitney Museum Of American Art is a non-profit organization located at 99 Gansevoort St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,592,822.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
484Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONWhitney Museum Of American Art in New York, NY received a Paycheck Protection Loan of $5.59M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Whitney Museum Of American Art's total 2019 payroll expenses were approximately $26.85M in order to qualify for the PPP loan amount received.
Based on their reported 484 jobs retained, this equals an estimated average yearly compensation of $55,466 per employee1.
Business Information - Whitney Museum Of American Art in New York, NY
99 Gansevoort St
New York, NY 10014
Business Industry
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-10Similar Companies near New York
In the New York area, 24 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 484) and received an average PPP loan of $368,567 (compared to this company's $5.59M).
Similar Nearby Businesses Who Received PPP Funding:
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Denny Gallery LLC
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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, 97% lower than Whitney Museum Of American Art's reported 484 employees, and received an average PPP loan of $162,172, 97% lower than this company's loan of $5.59M.
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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