Paycheck Protection Program Briefing - Shared screen with speaker view
Hi Joy Goldstein - good to see you!!! Hope you are well!
Hello from the Siegel JCC and Camp JCC Delaware!
Hi from Temple Shaaray Tefila, Manhattan
Hi from PA. I hope you address the issue of whether there is any downside for a congregation to apply. It seems like there isn't. Worst case scenario: pay back a low-interest loan; best case (and likely): it turns into a grant.
Hi from Temple Beth El of Williamsburg, VA
Hello from Hevreh of Southern Berkshire
Hi From Oksana Miami Federation
Shalom from Reconstructing Judaism.
Can you please clarify the maximum amount of these SBA loans and the calculation of each organizations maximum.
Hello From The Jewish Federation of Greater Los Angeles
Shalom from Ann Arbor Federation
Thanks for doing this. Hi everyone!
Hi from Temple B'nai Israel in Clearwater, FL.
Hello from New Orleans
Hello to all the panelists-Marty Radnor _Shaarei Kodesh , Boca Raton FL
Hello From Karsh Family Social Service, Los Angeles CA
Thanks so much to the professionals and leadership of JFNA for your work getting nonprofit support included in this legislation!
Shana Erenberg from Libenu in Chicago
Shalom from the Jewish Federation of Broward County
Shalom from Denver JCO
Hello from the George Kaiser Family Foundation - Tulsa, OK.
Rabbi Arnie Samlan
Shalom, all, from Orloff Dept of Jewish Ed and Engagement of Jewish Fed or Broward County FL
Hello from Pine Brook Jewish Center in NJ
Hello from Cleveland and NYC - Fran Gordon, YLC alum from the 90’s.
Hi from Temple Sholom in Bridgewater, NJ Thank you, panelists!
Hello from Congregation Beth Chaim in Princeton Junction, NJ.
Hi Mark Gurvis!
Thank you fro Hollis Hills Bayside JC Queens NY
Hello and thank you in advance from Congregation B'nai Israel of Boca Raton FL
Shalom from Temple Emanu-El in San Diego, CA.
Danny Mishkin from Sababa Beach Camps
hi from JFS salt lake , Ellen Silver
Hello from the Jewish Women’s Archive
Leslie Gordon, The Breman Jewish Heritage Museum, Atlanta
Greetings from Friendship Circle Michigan
Hello and thank you from Torat Emet , bexley ohio
Hello from Congregation Beth Shalom in Kansas City
Shalom From Chabad of the Bluegrass and the UK Jewish Student Center
Greeting from JFS New Orleans
Hello from the Jewish Federation of Greater Philadelphia
I’m reading/hearing that it could take 30 days for the SBA to accept loan requests. Is that accurate?
Shalom from Houston!
Hello from Friendship Circle in Richmond, VA
Thank you all from OSU Hillel
Jewish Fertility Foundation says HELLO!
hi and thank you from Memphis TN.
Greetings from the Jewish Community Center of Scranton, PA
Shalom from DigDeep in Los Angeles and the Navajo Nation!
Greetings from Generations Housing Initiatives in Chicago, IL
Hello from jimena.org in San Francisco, California!
Hello From Ramaz School, NYC
Shalom from the JCC-Federation of San Luis Obispo
Hello from Vibe Israel USA!
Shalom from Yeshivat Maharat
Good afternoon from Adam Glinn of the Jewish Community Center of Middlesex County, New Jersey
Hi from Temple Menorah in Miami Beach
Do you have any clarification on the certification we will have to sign to apply for the PPP? Do we have to certify that we have incurred economic injury as a result of COVID19? Or that our continual operations is in jeopardy as a result of COVID 19?
Hi from Adventure Scientists in Bozeman, MT
Greetings and Chag Kasher V'Sameach from Mark S. Cohen of the Religious Zionists of America
Hello from JCC-Federation of San Luis Obispo, California. I’m Gail Schwartz, President of the Board.
Hi and thank you from Yeshiva Torat Emet in Houston Texas!
Hello from RespectAbility CA
Hello to all from Kol Tikvah in Woodland Hills, CA!
Shalom from Kesher Newton in MA.
Hello from Shaarei Tikvah in Scarsdale, NY
Hi and thank you from StriveTogether in Cincinnati,OH
Hello and thank you from Serious Fun After School, Inc in New York City.
Hoping everyone is staying safe, healthy and sane!
Please share the SBA email again.
Angelica Leveroni Gomez
and phone number please!
With appreciation, from American Friends of Soroka Medical Center
Folks, there are a lot of people clogging up the chat with “hi” messages. It’s going to make it difficult to read the real questions and responses. I respectfully ask that the greetings cease.
Hello from Bet Shira Congregation, Pinecrest Florida.
Shalom from Shaarey Zedek in Southfield, Michigan.
Thank you, from the National Jewish Outreach Program.
Thank you for doing this and hi from Miryam Kabakov and your friends at Eshel.
hello from American Friends of House of Hope /Bayit V'Tikvah
can you please post the contact info in the chat?
From Harriet Miller of Ulster County (NY) Jewish Federation. Thank you and stay safe.
Greetings and Thank You from Gideon Hausner Jewish Day School
You 04:34 PMAre Clergy that are paid as contractors and not w-2 employees included in the payroll calculation for loan/grant amount?
Thanks so much! I'm a Rabbi at a medium sized synagogue in Providence, RI where donations have taken a big hit. Question: Will parsonage be "counted" both for purposes of the amount we can request and also as pay in terms of forgiveness. It seems like it should be, but wondering if you have any advice. Thanks!
if my none profit started in oct. 2018 will I be able to get a loan ?
Is the audio breaking up for anyone else?
audio seems fine
fixed it thank you
Will you be sending out followup links for applications or do we need to find our own lender?
Yes…Will you be sending out followup links for applications or do we need to find our own lender?
Any updates on whether parsonage can be included as payroll expense?
what about the initial emergency funding that you can apply for on SBA form 5? Should we do that now?
Has the presentation changed since yesterday at 4pm pst / 7pm est?
is there a collateral requirement for PPL loans?
Will I be able to access a video of this webinar later on?
Can you seek an amount equal to the amount that is guaranteed to be forgiven or must you seek the total 2.5 times your qualified expenses?
What about grants/loans for orgs greater than 500 employees?
what else should we getting in place in advance of regs.
Are you penalized if some of your currently furloughed employees or those currently on unemployment decide not to return to work?
What about organizations which are fiscally sponsored?
We have a few employees that had informed us that they are retiring at end of the school year. As such they will not be coming back. We are also not retaining 2 employees, upon return. Will we be penalized as to the amount to be forgiven?
Parsonage included as compensation?
1099 security and cleaning staff
Are these costs for only full-time employees? What about hourly workers such as custodian and religious school teachers?
I just hired another full time employee in January 2020....
How about employees technically employed by the Jewish Agency, but for which we make financial contributions for?
I thought the calculation was 2.5 x average monthly payroll cost over one year x 4.5 months (Period Feb 15-June30)
We have a shlicha who recently returned to Israel but is working remotely from Israel but hopes to return to the US to finish her shlichut. How would we calculate her salary?
what about independent contractors?
1099 workers yes or no?
Could you please clarify the mortgage aspect? Also share a link to the guidance for what to include in the explanation letter?
We also have preschool teachers who are hourly whose yearly contracts end in June 2020, the end of the school year. They would not be coming back until and unless they were given new contracts for September 2020. How does that work as to loan forgiveness and calculation of loan amount?
Is FICA included in the scary calculations?
PLEASE, are 1099 Contractors included?
do we need to itemize the economic hardship?
Do market effects on endowment funds be considered harm?
Can the panelists please read the question about 1099 contractors and give us an answer? IF you don’t know - just tell us you don’t know.
Is FICA included in the salary calculations
Do contractors (art teachers, etc) count for compensation?
Yes - agree with the question others are asking - do 1099 contractors count?
Does mortgage interest include principal payments?
Is Security costs considered utilities?
Defining all aspects of payroll costs like health care and retirement would be helpful to share down the road
wht if the crisis lasts beyond June 30?
What expenses are included in “Utilities”. Just electricity, gas, and water? Or also phone lines, waste pickup, etc?
For forgiveness: If we have hourly employees that haven't been working due to facilities closure, do they count as individuals who have had salary reductions? Do they count towards our FTE drop?
Mark Gurvis *** - Do 1099 contractors count for payroll???????
What if we hire more people?
what if they are teachers and we don’t bring them back in general until Sept?
how about hourly employees? they are not currently working and not getting onto payroll?
What if this is still going on past 30 June?
An organization may use the loan proceeds for lots of other expenses, but the funds used for those purposes will not be forgiven.
Calculations for FTE?
Are employees who earn over 100k included in the FTE comparison?
Yes, as a follow up to Ken’s question, if you have to make any changes to personnel or adjustments to salary after 6/30/2020, will the loan still be 100% forgiven?
Can the panelists see the chat window? About 30 people have asked about 1099 contractor pay and we haven’t gotten an answer yet.
What about for schools, that don’t pay salary to the teachers throughout the summer. Will that be held against us?
Our hourly maintenance person left so has no hours, but is still on payroll. Does he count still as PT?
Summer Camps: If we calculate our loan amount based on the yearly average payroll, that would include summer staff salaries. If we do NOT open for the summer then what impact on loan forgiven as we can not' hire back all the employees.
I’m curious about teachers as well, we never pay them over the summer and school ends in May.
100K is the cap for gross wage/salary or the cap for salary and benefits combined per employee?
Is it right at 25%? What if we reduce by 24%? What if the employee has to go down for child care?
what if the staff reduction is initiated by staff? not by employer? and staff is not being replaced.
i may have missed this, is employee number the only size limitation? Any revenue/operating budget limit?
how are operational costs factored into the limit? 250% times payroll + operational expenses???
Please remember to address, which was emailed earlier to SBAloan@, the timing of the costs that can be forgiven … during 3 -month period April origination until from June 30 or 8 week period. If 8 weeks, when does the 8 weeks start after origination?
please send a link for the worksheet to calculate scenarios
The worksheet is on the jewishtogether.org website
Please send your power point presentation and recording if you are makin one.
What about hourly custodial staff that are not coming in because the synagogue is closed therefore not being paid? Should we pay them anyway their average hours?
Where on the website?
if an employee earns more than 100, are they excluded from the computations or is the salary eligible capped at 100?
Rachel - employees earning above $100,000 are excluded.
I am down 2 FTEs but they would have been hired by now if this hadn’t happened. How does that affect our loan application? We were paying these salaries last year so they would be in our calculation.
Is it fair to expect that large banks will be approved lenders?
When can we expect to receive the loan?
Angelica Leveroni Gomez
Rachel - Their salary is capped at $100K.
if I applied for the aidl loan can I apply for the PPP LOAN AND FORGIVE MY APPLICATION?
Our bank sent us to: https://covid19relief.sba.gov/#/
Judy Chen - I don’t think that employees earning above $100,000 are excluded. I think they are capped at 100k
OK thank you
What period of time is used to calculate avg monthly payroll cost?
What about security guards who are only hired during an event or services. Since the building is closed and they are paid on an as needed basis, would they be considered laid off if we don’t pay them?
I've heard one possible interpretation that $100k+ employees are counted for the loan amount up to $100k, but that portion may not be forgivable.
Leslie - I think if you hire them before June 30th, it would not affect the forgiveness. As to the loan application, I think the inability of being able to hire is an example of your need.
did you answer the question about whether 1099 contractors count in payroll calculations?
Do banks include personal banking information when processing these loans?
I don’t understand how to calculate that personnel cost: is it monthly payroll x 2.5 x 12? Or is it just monthly payroll x 2.5?
They never answered the 1099 question
Please discuss the employee retention tax credit. Can it provide more benefit than PPP?
Most questions are answered in the resource on the website: https://cdn.fedweb.org/fed-42/2/FAQs_for_SBA_7a_Loan_Program_Version_8_2020_03_26.pdf
are 1099 employees included in payroll
I do not believe you would include 1099 contractors because they are not "employees". "Employee" is a very specific connotation. FT and PTers only.
note - 1099 contractors are addressed in the resource linked above. “Payroll Costs includes compensation to employees, such as salary, wage, etc.; paid leave; severancepayments; payment for group health benefits, including insurance premiums; retirement benefits; stateand local payroll taxes; and compensation to sole proprietors or independent contractors (includingcommission-based compensation). Exclusions are individual employee compensation above $100,000 peryear, prorated for the covered period; certain federal taxes; and compensation to employees whoseprincipal place of residence is outside of the US.”
can you please review the forgiveness part of the PPPL Loan
Please answer point above-I believe this loan is not just for one months worth of payroll x 2.5. How many months?
Nancy - the loan covers from March 1 to June 30, I believe
Salena - That doesn’t answer the 1099 question. It says “employee” Do you mean - No 1099?
should we go on the site now and start the application process?
Larry - Is it fair to assume major banks like B of A will be preferred lenders?
Reva - there is no application process yet until SBA releases it.
I hope you address the issue of whether there is any downside for a congregation to apply. It seems like there isn't. Worst case scenario: pay I Is there any downside for a congregation to apply. It seems like there isn't. Worst case scenario: pay back a low-interest loan; best case (and likely): it turns into a grant.
Is there any chance of having all of the loan forgiven?
What about honorarium paid to Emeritus Rabbi?
Robert - yes. This is correct. No apparent downside for congregations.
If you run several small businesses, can you apply for each of them?
On Page 30 – paragraph Q Duplication – this talks about nothing shall prohibit recipient of a EIDL for a purpose of other then paying payroll costs and any other obligation noted in Paragraph (F) (Sec Question 2 above) from receiving a PPP loan. Is this saying that if you receive a EIDL to cover costs such as Rent, Utilities and Loan Interest you are ineligible for a PPP loan even though in computing the amount of a PPP loan only labor costs are allowed ? This seems like a catch 22 ???
Is that duplicate?
I am confused about the time frame we look at to figure out the average payroll. I was to know from what date in 2019 we are looking at to what date in 2020 we are looking at for the twelve month timeframe.
What is the likelihood of the loan being forgiven?
How would you advise on whether to apply based on future impacts on organization that could impact staff headcount (security of incoming revenue streams in the near future) income loss organizations have already experienced?
I echo this question: I am confused about the time frame we look at to figure out the average payroll. I was to know from what date in 2019 we are looking at to what date in 2020 we are looking at for the twelve month timeframe.
Is there a maximum amount which can be applied for?
Must recipients participate in eVerify (as one must for federal funds)?
What if payroll hasn’t started yet for an employee, but there is a contract?
re: 1099s, see above, from JF, includes “independent contractors”
Aunshka - Either the same months in 2019 or from Jan. 1 - Feb. 29, 2020 for comparison.
If someone is leaving the organization for reasons completely unrelated to COVID-19, does that impact/change loan forgiveness calculations?
If we already applied for EIDL, are we ineligible to apply for PPPL?
Adriana - Total applied for not to exceed $10M
Adriana - but that is still based on payroll numbrers.
We are a Jewish Day School. We are still paying our teachers and should be able to continue to do so but we will have to take money from our endowment as Our annual fundraiser had to be cancelled. It is in our budget to bring in 120k. Does this allow us to apply?
Is mobile phone costs utility?
We have lost our most highly compensated employee. Our payroll has therefore been down over the past couple of months. How will that impact loan forgiveness?
is the 100k cap prorated on annual salary or is it for the covered loan period
Jenny - I think so.
From the time of application what is the expected time it will take to get funds?
would cable/internet and water be included as utilities
what happens if you hire more employees before June 30?
What if we end up with MORE FTEs at June 30 than now?
What about the Economic Injury Disaster Advance Loan in which you can apply for SBA funds, of which $10,000 is forgiven automatically?
at what point in time are the loans forgiven?
If we laid someone off prior to applying for the loan, does that person impact the loan forgiveness amount?
I believe that loan funds may also be used for interest on existing debt, capital expenditures, and working capital.
How do you account for the portion of the loan that is forgiven, if you are not required to recognize it as income?
Please discuss the employee retention tax credit. What is covered and the amounts? Can this be more advantageous than PPP?
Is it number of employees that counts for loan forgiveness or both number of employees and total salary?
Do we annualize salaries of summer camp employees?
Are free lance consultants or writers who are hired for projects for a nonprofit included in payroll? Especially for those consultants who work a set number of hours annually.
Danielle - Yes - they would be part-time
What if we have new hires scheduled to start 6/1/30? Should we include them in the calculations as of now?
Can you put name of the TCF bank in full and a phone #?
PLEASE are contractors, consultants 1099 people included in payroll calculation>?>
What does it mean to certify economic distress?
how do we prove financial distress?
What will EIDL costs cover if wanting to apply for both, and do not use EIDL loan for payroll?
i do not think furloughed is the same as laid off
So, is there a scenario in which we could pay nothing? Like it could be completely forgiven?
Rebecca Weinberg Jones
What if we are a nonprofit that started last June and do not yet have a full year of payroll?
Talia - yes
Rebecca - then you would use Jan.1 - Feb. 29 of this year.
Was the question about contracted employees answered yet?
Are US contractors (1099) included in the calculating payroll cost?
Is there a cap of how much we can get?
what time period should we certify for the loan?
From an earlier post: "including ... compensation to sole proprietors or independent contractors (includingcommission-based compensation)
Could you please clarify again...it seems the wisest thing to do for schools is to let them go on unemployment and then rehire them before june 30th? is this correct?
vs laid off
If having reserves doesn't exclude an organization, how can an organization certify that the economic harm from COVID19 is such that their continuing operations are in jeopardy? That seems conflicting. If we have a reserve then our operations are not in jeopardy until we use the reserve but you are saying that you don't have to use your reserve before applying.
will a recording of this call be available?
What is the expected timeframe for the loan payment to begin?
Any thoughts on how to calculate the maximum salary allowed for someone who hasn't been employed for the last 12 months? Is the $100k treated pro-rata over the time of employment?
What are the conditions to get a portion forgiven?
An org. that doesnt have a payroll, how do they calculate the amount of loan?
Please go over the loan calc again. It sounded from your description that it was just 2.5 x an average month. How many months does it get multiplied by?
Larry, I understand from my banker that this program is extremely advantageous to banks and they will be invented to be aggressive. Is that your perspective as well
Will this presentation be on the Enterprise website along with all of the questions that were asked?
Invented to be aggressive
the loan is the lesser of: $10MM or your average monthly payroll over the last year x 2.5
Is there a personal guarantee for this PPP loan?
No personal guarantee
What if the bank you deal with is not an SBA lender? We then have no choice but to go to one on the list?
any going concern requirements to get a portion of the loan forgiven?
Thank you all from Newport RI!
I love Larry's Clocks Just needed to say that
Yes. You need to use one on the list
How do we calculate the decline in pay for hourly employees for forgiveness?
Can you please let us know if c4 and c6s can apply? And if not, will there be any support for those orgs through other legislations?
hello from Temple Torat Emet, at Boynton Beach, Fl.
Thank you all for the wealth of information
Thank you for all your wisdom. This was an amazing webinar. Thank you!
thank you so much for this informative session!!!
where on Jewish together.org? can't find it
Thank you all for your advice!
Is an incorporated person who does not get a 1099 includible as wages?
thank you from NH. stay well and healthy.
So appreciate your detailed information and the encouragement you are giving so many!
Can we include commissions for sales reps?
can you apply for the EID as well for the FFF?
Thank you, David
Eric - such a scholar! Love it. So very glad you are in the position, my friend. Hag Sameach!
THANK YOU!! very helpful and informative
Thank you so much
Thank you all! So helpful
Thank you for all your help and guidance in this process!
Thanks for this great info!
Thank you for helping us all through this challenging time!
Thank you so much for this great information
Thank You from Los Angeles Federation . Thank You Eric for your awesome leadership and thanks to the panelists.
Thank you for helping us navigate these challenging times!
Such a helpful and warm webinar - thank you!
Thank you, Eric. Amen!
Kosher and Happy Pesach Eric! You are amazing. Thanks everyone so much!!
Eric, well said and Zissen Pesach and Yasher Koach to you and all of the speakers. Thank you all.
Thank you from everyone at Temple Sholom of Chicago
Appreciation to everyone. Chazak Ve'Amatz!
thank you for all of this and for this inspiring and hopeful ending to this meeting
Thank you from Jewish World Watch in Los Angeles!
Thank you very much! Wishing all a healthy, joyful, kosher Pesach!!
Mark, thank you for your leadership
Thank you for a terrific job.
Where on the web sight is the powerpoint
Thank you so much!
Thank you. Wonderful program. Very helpful.
very moving presentation.. i am in tears over the love, support and expertise
thank you to all
Lindiwe Chaza Jangira
Thanks very much. I look forward to receiving additional update nd an opportunity to ask specific questions.
Thank you from Seattle! Feeling so grateful to all of you and our global Jewish community!
Have we started yet? I cant hear anything