Support the free press, so we can support Austin. But while charter schools are publicly funded, they're privately owned and operated (often beyond public oversight, as critics are quick to note). The reality is that the law clearly states that all 501 (c)3 organizations are eligible to apply for paycheck protection, and charter schools are 501 (c)3 organizations. Public Education Partners. “Public firms represented just 0.3% of total PPP borrowing and many more public firms were eligible but didn’t participate. Public schools were not eligible to apply for PPP, because they received a fund of $13.2 billion, which they were required to share with charter schools. The day after that column appeared, Trustee LaTisha Anderson had gone public saying she "never expected this attitude and hatefulness from [Mathias] and also to disrespect an employee, especially an African American woman who is leading efforts to provide the tools and expertise to address racism in Austin ISD. With Austin schools struggling to reopen and budget cuts looming at the Lege, here's a timely riddle. True, Texas charters can't issue bonds for construction, but they've been eligible for facility funding from the state since 2018 – and besides, PPP loans are supposed to prevent worker layoffs, not underwrite fancy new gyms. Most charter campuses in the city are Title I schools. ... but traditional public schools were not eligible for the funds. Up to eight weeks worth of these costs may be forgiven by the federal government, essentially turning the loan into a grant. Both charters and traditional public schools receive the same amount of per-pupil state funding, which pays teachers' salaries among other things, so it's not as if federal money was needed to make up a payroll gap between the two. “They were all advised to get that PPP funding.” Sadly, the reaction I received was one that was unapologetic.". to ask? Once the PPP opened up, thousands of small businesses flooded banks with a “tsunami of applications.” In some states, private school groups worked hard ahead of time to notify as many private schools as possible that they, too, were eligible (see here, here and here). Those students would have to be included in the employee counts and could jeopardize standing for loan eligibility. Schools typically receive more than $1,300 for each eligible student. Government entities are not eligible for PPP loans. Support the Chronicle, It was the best of days, it was the worst of days, One click gets you all the newsletters listed below, Breaking news, arts coverage, and daily events. No personal guarantee is required. THE DECEMBER 2020 SUBSCRIPTION BUNDLING REPORT, PPP Round Two: Small Business Administration Unveils Rules For $284.5 Billion Stimulus Program, Loans By Smartphones Rate In New Provider Ranking Of Personal Loan Apps, PPP Round Two: Main Street SMBs Get New Access To Funding, Etsy’s Q1 Gets A Big Boost From Stay-At-Homers, Homebound Consumers, Connected Fitness Revs Up Peloton Earnings. Because of that, many institutions have had to refund room and board costs, which had them looking at financial shortfalls. According to Valle, the schools focused the PPP loan on salaries, “allowing us to both avoid teacher and staff layoffs as well as maintain average weekly salaries for all of our hourly employees, even when they couldn't report to work or complete their work … Can't keep up with happenings around town? An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Debbie Veney, a spokesperson for the National Alliance for Public Charter Schools, told CBS Los Angeles that charter schools often eat costs that public schools do not. Estimates vary, but collectively charter schools nationwide appear to have tapped the PPP for what could be upward of a billion dollars. This means Texas public schools (charters, too) are on their own to cover significant extra pandemic costs – laptops, personal protective equipment, cleaning supplies, extra buses, wi-fi hot­spots, and other crucial items. 2. Austin Creative Worker Relief Grant: The application period for this program ends at 5pm this Friday, Aug. 28. Traditional public schools are not eligible to apply for PPP money. Assuming the total amount of PPP funding for private schools is at the highest end of 8.". Biden Election Certification Protest at the Capitol. Somehow, Torkelson still managed to wrangle a $900,000 exit deal even though 2018 tax documents show he was already making over $500,000 – almost $150,000 more than the highest-paid traditional public school superintendent in the state that year (in case you're wondering, that was Cy-Fair ISD, with a 2018 enrollment over three times as large as IDEA's). April 27, 2020. On April 3, 2020, the U.S. Small Business Administration (“SBA”) released new guidance, regarding the eligibility of faith-based organizations to participate in the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan Program (“EIDL”). She noted that some elite private schools and big companies, such as Shake Shack and Ruth’s Chris Steak House, came under public scrutiny for accepting PPP … § 120.110(a) states that nonprofit entities are ineligible for SBA business loans (which includes the PPP program), the CARES Act explicitly makes nonprofit entities eligible for the PPP program and it does so without regard to … “Private schools are getting more pandemic funding than public schools,” says Thiel. If … Charter schools in Connecticut are public schools, making them eligible for state and federal dollars, including emergency coronavirus education grants, but their status as non-profits or corporations has also awarded them access to the PPP small business loan program. AISD alone has already committed $13 million just for personal protective equipment needed to reopen classrooms safely this fall. That included millions of dollars in CARES Act dollars, some of which was distributed proportionally by student enrollment and some of which was distributed by the Department of Education through competitive grants, which were applied for by the State Charter … Most are incorporated as nonprofits or backed by for-profit companies, both of which are eligible to apply for PPP loans. Charter schools in New Orleans have applied for federal loans through the Payroll Protection Program, receiving anywhere from $97,000 to $5.1 million. Private Schools Are Eligible for Federal Paycheck Protection Program (PPP) – Details. We can help. Covenant College, based in Georgia, will benefit from the program, according to President Derek Halvorson. In addition to the PPP, charter schools were eligible to receive the same federal relief money set aside for public schools. Traditional public schools … If real news is important to you, please consider making a donation of $5, $10 or whatever you can afford, to help keep our journalism on stands. I think that’s important to keep in mind when we evaluate the success of the program,” Rosen says. The second round of funding, for $320 billion, was passed in late April after the first round was wiped out in days. Applying for a PPP loan would not impact charter schools’ future per pupil state grant amount, said Peter Yazbak, a spokesman for the Connecticut Department of Education. Traditional public schools – being ­neither nonprofits nor companies – are not. 1. That's why we won't see any PPP dollars for AISD, even though the district is paying 56 times as many classroom teachers as is Austin Achieve. These loans are meant to help cover payroll, rent, mortgage, and utility costs. Public Service Benchmark (PSB) for PPP Schools Bundle 1, 2, 3 and 4. The PPP allocates loans that don’t have to be paid back if the recipients use most of the money for payroll and keeping the business open. About: The PYMNTS Subscription Bundling Report, surveyed a census-balanced panel of 2,962 U.S. consumers to gauge how their attitudes toward bundled subscription services have changed during the pandemic, especially those offered by companies in the streaming sector. In doing this, many colleges will be able to claim that they have less than 500 employees, thus making them eligible for the PPP’s small business classification. PPP loans carry an obligation, for recipients that serve the public, to offer their “goods, services, or accommodations” without discriminating on the basis of race, color, religion, sex, handicap, age, or national origin. Although 13 C.F.R. Loan amounts are the lesser of $10 million or 2.5 times the average total monthly payroll (including benefits) from the one-year period prior to the date of application. Fun AISD Board of Trustees meeting Tuesday night. Colleges suffering from lost revenues during the pandemic may have a better chance now as clarifications to the Paycheck Protection Program’s (PPP) rules say these institutions can exclude work-study students from their final counts of employees, according to Bloomberg. As the pandemic necessitated people not spend time crowded in public spaces, colleges and universities sent students home. 4. Austin Achieve, a local charter school with 1,556 students and 98 teachers, got between $2 million and $5 million through a federal Paycheck Protection Program forgivable loan (Treasury data only provides the range of its PPP loans, not the exact amount). That's because state leaders opted to keep that money to reduce the state's own contribution to schools, basically backfilling the school budget hole with federal dollars so they can use that money elsewhere for noneducation purposes. 3. Torkel­son's successor says she won't seek a raise in her new role as CEO, which is hardly reassuring, but at least PPP funds won't be involved. In doing this, many colleges will be able to claim that they have less than 500 employees, thus making them eligible for the PPP’s small business classification. As it is, thousands of public schools across the state are trying their damnedest to educate over 5 million Texas students amid an unprecedented pandemic and with little meaningful support from a state that already ranks near the bottom in per-pupil funding. Everything from attending classes in-person to how to deal with pricing with the mass disruptions is up in the air. Schools receive federal funds for meals through a reimbursement system based upon the number of lunches served. Covid-19 school closures have placed schools in the untenable situation of honoring teacher contracts, continuing to pay bills and maintenance costs, and providing resources for families with limited access to technology. Other organizations that receive a large amount of grant money are the non-profits with a 501(c)(3) designation. Other Potential Economic Relief to Tribes and Tribal Businesses In mid-April, CEO Tom Torkelson resigned abruptly after the Houston Chronicle raised questions about IDEA's nonacademic expenses, including several million to lease and operate a private jet (later dropped), costly annual box seats for sporting events, and questionable financial dealings with some board members. But PPP loans were not an option for public school districts. Notably missing from the list of PPP handouts are IDEA charter schools, possibly because recent financial misdeeds would have made that application a pretty hard sell. The board went on to discuss school reopenings, as new Superintendent Stephanie Elizalde implored parents to keep their kids home for the first four weeks if at all possible, but stressed that she's "cautiously optimistic that we're going to be in a good place by Sept. This creates an emergency loan program providing loans of up to $10M. The Public Service Benchmark is a key tool in the PPP procurement process and is prepared in accordance with published Government guidelines before the issue of a PPP tender. Though public schools share funding with charter schools, traditional public schools were not similarly eligible for PPP money. Though public schools share funding with charter schools, traditional public schools were not similarly eligible for PPP money. Eligible nonprofits must have been in existence on Feb 15, 2020, and have fewer than 500 paid employees (each countable employee, not just full-time employees). Unlike private schools, public schools are not eligible to apply for PPP funding. According to the U. S. Education Department, private schools that got PPP loans could still be eligible for some of that money for low-income students. Would a small financial lift to cover pandemic costs really have been too much Loans can be used for payroll, health insurance premiums, facilities costs, an… We just wish AISD and other traditional public school districts had been given the same consideration – or at least the $1.2 billion that was supposed to go to Texas schools under the act. After that, to qualify for a loan, any eligible entity must meet the criteria for the program, noted above. The report also examines how the knowledge that a COVID-19 vaccine will soon be available throughout the U.S. could affect their perceptions. Several local private schools also received PPP funding, including some of which charge upwards of $30,000 in tuition. Charter schools should also receive funding from the Elementary and Secondary School Emergency Relief Fund (described below) and may also be eligible for additional funds provided to governors and $100 million made available to support schools with cleaning and provision of mental health supports. The rules were changed after protests from several lawmakers, and Congress found itself agreeing that the PPP needed to benefit colleges. If you’re applying for a loan via the Paycheck Protection Program (PPP), read on for more details about who is eligible to participate in this program. Most are incorporated as nonprofits or backed by for-profit companies, both of which are eligible to apply for PPP loans. “Of course, every dollar that went to a public … List of PPP-Eligible Small Business Owners, Entrepreneurs and Contractors Now that you have a good overview about eligibility, check below to see if you find your line of work. Oklahoma businesses in total received $3.76 billion in PPP funding. The college has 129 students in a federal work-study program that can now be left out, though. New recipes and food news delivered Mondays, All questions answered (satisfaction not guaranteed). Under the CARES Act, 501(c)3 nonprofits are eligible for Paycheck Protection Program loans (PPP loans) through SBA lenders. While almost all public schools are eligible for a lot of grant money, those schools with the most disadvantaged populations are eligible for the most grants. Charter schools, however, were eligible to apply for PPP as “nonprofits,” meaning they could double dip into both funds. Now more than ever, we need your support to continue supplying Austin with independent, free press. NEW PYMNTS DATA: THE DECEMBER 2020 SUBSCRIPTION BUNDLING REPORT. The college had received a loan of $3.2 million but wasn’t sure if it was allowed to use it. Austin Achieve is hardly alone in seeking federal support. When considering whether to accept funds from the PPP, it is important to remember that while the PPP loan requires a school to certify to economic uncertainty, it does not require the school to certify that it will be forced to cease operations unless it receives PPP funds. AD charter schools, Paycheck Protection Program, PPP, Austin ISD, Austin Achieve, Tom Torkelson, AISD Board of Trustees, Jayme Mathias, Stephanie Hawley, LaTisha Anderson, Stephanie Elizalde i, Information is power. The CARES Act, which includes the PPP, has been a lifeline for many local nonprofits and local businesses, the Chronicle included, and we don't begrudge its use by any group who legitimately needs it. Evaluating the Availability of Other Sources of Liquidity Copyright © 1981-2021 Austin Chronicle Corp. All rights reserved. Instead, the CARES Act’s ESSER Fund allocated $13.2 billion in pandemic recovery funds for public school districts. Austin ISD, with nearly 80,000 students and 5,535 teachers, got none. The National Association of Independent Colleges and Universities said the move isn’t going to solve problems for many schools, though, because a lot of colleges have students working on campus who aren’t funded by federal or government grants. A note to readers: Bold and uncensored, The Austin Chronicle has been Austin’s independent news source for almost 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Colleges and universities are unsure how they will operate in the future. March 4, 2020 Photo: Linda Conner Lambeck. A few other local charters also got in on the PPP act, including Wayside Schools ($2 million to $5 million, 2,100 kids, 267 teachers) and NYOS ($1 million to $2 million, 665 students, 59 teachers). But while charter schools are publicly funded and tuition-free, they are not exactly government entities. So the school system paid the wages for these food service employees out of its own pocket. See to apply for up to $2,000 in direct aid to offset expenses like rent, bills, and groceries. We can't know what went on during their two-and-a-half-hour executive session, but when they came out, every single board member apologized for not calling out Jayme Mathias in the last meeting for his remarks about Equity Officer Stephanie Hawley ("Public Notice: Dr. Mathias and Mr. Hyde," Aug. 14). Most charter campuses in the city are Title I schools. Nor will Austin's traditional public schools get a boost from the $1.2 billion earmarked for Texas' K-12 campuses under the federal CARES Act.
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