In order to qualify for the PPP loan amount received, The Green Room Community Theatre Inc's 2019 payroll expenses are estimated to be at least $296,640. Thanks to a grant from the United Arts Council of Catawba County, two outstanding guest artists will join the production. On the PPP application, The Green Room Community Theatre Inc reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - The Green Room Community Theatre Inc in Newton, NCīased 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 Green Room Community Theatre Inc's 2019 payroll expenses are estimated to be at least $296,664.īased on their reported 7 jobs retained, this equals an estimated average yearly compensation of $42,381 per employee 1 Reported PPP Proceed Usage: Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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).
Green room theatre newton nc full#
Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.Called the greatest family musical of all time, The Wizard of Oz will have the entire family captivated as they travel down the yellow brick road with Dorthy and her friends. This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. The Green Room Community Theatre presents The Wizard of Oz.
Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. 10 S Main Ave Newton, NC 28658 In 1987, our theatre was started to bring quality live theatre to artists & audiences in our area.
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