PPP Loans

[Anonymous]

Anonymous wrote:

Anonymous wrote:GDS refused PPP money because taking the funds woukd have conflicted with the school’s focus on social Justice.

Same with Potomac

How so?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My kids school got a huge amount, but I can well imagine what they did with it. They upgraded HVAC, invested in a lot of classroom technology for remote learning, rented tents for outdoor classrooms, and did weekly PCR testing of the entire school population. I really don’t think they lined their pockets, I think they used it for pandemic related expenses.

The federal government and your health insurance paid for weekly Covid testing, not your school.

Well that’s funny, because they certainly never took my insurance information. Maybe they just guessed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My kids school got a huge amount, but I can well imagine what they did with it. They upgraded HVAC, invested in a lot of classroom technology for remote learning, rented tents for outdoor classrooms, and did weekly PCR testing of the entire school population. I really don’t think they lined their pockets, I think they used it for pandemic related expenses.

The federal government and your health insurance paid for weekly Covid testing, not your school.

Well that’s funny, because they certainly never took my insurance information. Maybe they just guessed?

It was part of the trillions of stimulus. It’s ending so all the opportunistic pop up test clinics and tables are ending.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:GDS refused PPP money because taking the funds woukd have conflicted with the school’s focus on social Justice.

Same with Potomac

How so?

Presumably leave it for companies without fixed tuition revenue bills already collected.
You can’t earmark what you didn’t sign up for for AntiRacism.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem is not the PPP loans for private schools. That makes sense. The problem was the PPP loans for charter schools. That made zero sense and seems like outright fraud.

Oh yes it is. These schools have huge endowments and did not need to to take the money. I applaud those that didn't and am ashamed for those that did. And on top of taking the loans they asked parents for their annual fund donations. What a crock.

Nice you have such detailed knowledge of every school’s finances and how they used the money or why they decided to apply. Please provide some details. Unless you’re just spewing uninformed BS.

A private schools financials are easy to find. Just Google it. And use Guidestar - it will give you all the salary information for a school's highest earners (and trust me, even long-term teachers don't make that cut).

Also, every school employee who attends the annual meeting by the Head is told the school's endowment. It's not a big secret.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem is not the PPP loans for private schools. That makes sense. The problem was the PPP loans for charter schools. That made zero sense and seems like outright fraud.

Oh yes it is. These schools have huge endowments and did not need to to take the money. I applaud those that didn't and am ashamed for those that did. And on top of taking the loans they asked parents for their annual fund donations. What a crock.

Nice you have such detailed knowledge of every school’s finances and how they used the money or why they decided to apply. Please provide some details. Unless you’re just spewing uninformed BS.

A private schools financials are easy to find. Just Google it. And use Guidestar - it will give you all the salary information for a school's highest earners (and trust me, even long-term teachers don't make that cut).

Also, every school employee who attends the annual meeting by the Head is told the school's endowment. It's not a big secret.

Endowment is irrelevant. They can't use it for whatever they want.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:GDS refused PPP money because taking the funds woukd have conflicted with the school’s focus on social Justice.

Same with Potomac

How so?

Presumably leave it for companies without fixed tuition revenue bills already collected.
You can’t earmark what you didn’t sign up for for AntiRacism.

And where a school's tuition doesn't cover the operating costs during COVID? Then is it OK with you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem is not the PPP loans for private schools. That makes sense. The problem was the PPP loans for charter schools. That made zero sense and seems like outright fraud.

Oh yes it is. These schools have huge endowments and did not need to to take the money. I applaud those that didn't and am ashamed for those that did. And on top of taking the loans they asked parents for their annual fund donations. What a crock.

Nice you have such detailed knowledge of every school’s finances and how they used the money or why they decided to apply. Please provide some details. Unless you’re just spewing uninformed BS.

A private schools financials are easy to find. Just Google it. And use Guidestar - it will give you all the salary information for a school's highest earners (and trust me, even long-term teachers don't make that cut).

Also, every school employee who attends the annual meeting by the Head is told the school's endowment. It's not a big secret.

Endowment is irrelevant. They can't use it for whatever they want.

The word "endowment" is used very loosely. Often a school's "endowment" is only partly donor-restricted (true endowment); a significant chunk may be board-restricted (quasi endowment) and can be used as the board chooses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Here comes the cover up! Nothing to see here but we will have to raise tuition you know because of all the costs associated with Covid. Loan? What loan?

So admin and board members writing in why did some schools decide not to take this money? Seems like they realize it was wrong? In fact a Holton announced that was the reason. So……

Wrong for Holton doesn't mean wrong for every school. Holton has tons of cash. They literally did not need it. You should see how that school spends money.

Holton has "tons" of money because they are excellent stewards of their money. I disagree completely, Holton is very conservative when it comes to spending, so you do not know what you are talking about.

[Anonymous]

Anonymous wrote:My kid’s teensy tiny little preschool got $700k. They didn’t refund a cent during that time. Pretty sure the owner lined her pockets with it.

That sounds like fraud...my business revenues nearly $2 million and we got $100k? It wasn't nearly that much.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My kid’s teensy tiny little preschool got $700k. They didn’t refund a cent during that time. Pretty sure the owner lined her pockets with it.

they couldn’t use the money for refunds?

There were fairly rigorous reporting requirements for how the money was used in order to be forgiven. Otherwise it was a loan that had to be repaid.

Rigorous?!? Are you familiar with the PPP program?!? I am thinking not.

LOL looks like most every area DMV private school scored big! Congrats to the ones not found on that PPP search. I did not find St. Albans, NCS, GDS, Maret, St. Patrick's. I would like to hear why some schools took this money? This is wrong. Schools did not close. Tutiton for salaries was already there for out tuition dollars? Where did this money go to?

Potomac didn’t take any either. They had a huge increase in spending g due to the extra staff (3 more nurses, permanent subs, couldn’t combine classes for specials, etc) and then the extra equipment (tents, dividers, etc) and for the entire school to have regular Covid testing. They slightly increases admitted student numbers to compensate

Don't the cathedral schools operate legally under the umbrella of the Cathedral Foundation? That' probably why you aren't seeing the names of those schools on the list

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My kid’s teensy tiny little preschool got $700k. They didn’t refund a cent during that time. Pretty sure the owner lined her pockets with it.

they couldn’t use the money for refunds?

There were fairly rigorous reporting requirements for how the money was used in order to be forgiven. Otherwise it was a loan that had to be repaid.

Rigorous?!? Are you familiar with the PPP program?!? I am thinking not.

LOL looks like most every area DMV private school scored big! Congrats to the ones not found on that PPP search. I did not find St. Albans, NCS, GDS, Maret, St. Patrick's. I would like to hear why some schools took this money? This is wrong. Schools did not close. Tutiton for salaries was already there for out tuition dollars? Where did this money go to?

Potomac didn’t take any either. They had a huge increase in spending g due to the extra staff (3 more nurses, permanent subs, couldn’t combine classes for specials, etc) and then the extra equipment (tents, dividers, etc) and for the entire school to have regular Covid testing. They slightly increases admitted student numbers to compensate

Don't the cathedral schools operate legally under the umbrella of the Cathedral Foundation? That' probably why you aren't seeing the names of those schools on the list

The cathedral schools took no money. That is why you do t see them on any list.