; (viii) the term nonprofit organization means an organization that is described in section 501(c)(3) of the Internal Revenue Code of 1986 and that is exempt from taxation under section 501(a) of such Code; (ix) the term operating losses means regular operating expenses accrued since January 1, 2020, through the date of the loan application since January 1, 2020, minus revenue generated over that period; (x) the term regular operating expenses — (I) means expenses incurred in the regular operations of business and includes— (aa) payroll costs (as defined in paragraph (36)); (bb) other expenses relating to workforce support, including 1099–MISC contractors and volunteers, such as contractor fees for services, training, background screenings, or insurance; (cc) regular or necessary facilities maintenance and upkeep; (dd) supplies or materials that due to their nature are unusable at a future date and maintain only a nominal value; (ee) overhead expenses for events or programs cancelled due to COVID–19 that are not reimbursable through insurance or other means, such as nonreimbursable deposits and cancellation fees; (ff) rent (including rent under a lease agreement); (gg) payments of interest or mandatory principal payment on any mortgage obligation (which shall not include any prepayment of principal or interest on a mortgage obligation); (hh) utilities; (ii) interest or mandatory principal payment on any other debt obligations that were incurred before the covered period (which shall not include any prepayment of principal or interest on a debt obligation); (jj) marketing; (kk) insurance; or (ll) any other operational expenses, including program fee refunds, costs for referees or sports officials, software and technology, equipment, and supplies or materials that due to their nature are unusable at a future date and maintain only a nominal value; and (II) does not include— (aa) expenses permitted to be reimbursed under contract or otherwise reimbursable; (bb) expenses reimbursable under currently held insurance