Who Got the Money? See for Yourself: ProPublica’s COVID-19 PPP Loan Search
To view recipients of the federal Paycheck Protection Program (PPP) loans to businesses and nonprofit organizations during the coronavirus pandemic, use ProPublica’s marvelous search engine.
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In researching nonprofits, I find ProPublica’s nonprofit search engines to be incredibly resourceful. For example, ProPublica offers a full text keyword search of thousands of nonprofit tax forms.
Often when I am researching nonprofit organizations related to education reform, including charter schools, I begin by Googling the name of the organization and including the term, “propublica” with the name, to immediately locate ProPublica’s concisely organized tax forms for the organization.
During the coronavirus pandemic, with the federal government offering Paycheck Protection Program (PPP) loans to businesses and nonprofit organizations, ProPublica has once again delivered a marvelous search engine enabling the public to easily investigate which companies and nonprofits have received federal money in the form of loans ranging from $150K to $10M, including charter and private schools and other education organizations.
ProPublica offers this summary of PPP loan criteria:
Companies and nonprofit organizations that receive PPP loans may have the loans forgiven if they meet certain criteria, including not laying off employees during an 8-week period covered by the loan. Applicants must attest in their application that the loans are necessary for their continuing operation. Note: This data includes loan applications approved by banks and submitted to the SBA. It may not reflect money distributed to, or credit used by, a given company.
One controversy surrounding the issuance of PPP money to charter schools CONTINUE READING: Who Got the Money? See for Yourself: ProPublica’s COVID-19 PPP Loan Search | deutsch29