According to the Simon Wiesenthal Center (SWC) consolidated audit of June 30, 2021 (Note 10, Paycheck Protection Program Loan):
"SWC received loans in the amount of $1,720,100 and $1,299,595 to fund payroll, rent, and utilities through the Paycheck Protection Program (PPP). The PPP Loans are eligible to be forgiven by the U.S. Small Business Administration (SBA) subject to certain performance barriers, as outlined in the loan agreement and the CARES [Coronavirus Aid, Relief, and Economic Security] Act.
"The SBA may review funding eligibility and usage of funds for compliance with program requirements based on dollar thresholds and other factors. The amount of liability, if any, from potential noncompliance cannot be determined with certainty; however, management is of the opinion that any review will not have a material adverse impact on SWC's financial position.
"Subsequent to year end, $1,469,318 of the $1,720,100 PPP Loan was partially forgiven on February 21, 2022 and SWC has begun repaying the balance. The PPP Loan for $1,299,595 was fully forgiven on March 1, 2022."
According to the Simon Wiesenthal Center (SWC) consolidated audit of June 30, 2021 (Note 12, Related Party Transactions):
"SWC pays a cleaning service and two law firms for which two board members and an officer respectively have a financial interest. Total fees paid to these entities for the year ended June 30, 2021 is $82,364, $154,316, and $69,864, respectively. The transactions are approved by the board of directors..."
In addition, according to the Simon Wiesenthal Center (SWC) tax filing for the fiscal year ended June 30, 2021, SWC reports for Business Transactions Involving Interested Persons (IRS Form 990, Schedule L, Part IV):
(1) A transaction in the amount of $404,985 described as "Employee" involving Marlene Hier, who has a family relationship.
(2) A transaction in the amount of $214,205 described as "Employee" involving Alan Hier, who has a family relationship.
[Regarding the above family relationship transactions, Part VII of the SWC Form 990 reports Rabbi Marvin Hier as "Pres CEO Fndr Dean" and Marlene Hier as "Director, Membership Div." (Alan Hier is not reported on Form 990, Part VII.) ]
According to the Simon Wiesenthal Center consolidated audit of June 30, 2021 (Note 2 re: Risks and Uncertainties):
"The World Health Organization declared the spread of Coronavirus Disease (COVID-19) a worldwide pandemic in March 2020. The COVID-19 pandemic is having significant effects on global markets, supply chains, businesses, and communities. Specific to the Organization, COVID19 [sic] may impact various parts of its 2021 operations and financial results, including grants. Management believes the Organization is taking appropriate actions to mitigate the negative impact. However, the full impact of COVID-19 is unknown and cannot be reasonably estimated as these events are still developing."