Per Scholas Inc is located in Bronx, NY. The organization was established in 1995. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. As of 12/2021, Per Scholas Inc employed 470 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Per Scholas Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Per Scholas Inc generated $45.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $36.1m during the year ending 12/2021. While expenses have increased by 23.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE ECONOMIC EQUITY THROUGH RIGOROUS TRAINING FOR TECH CAREERS, AND TO CONNECT SKILLED TALENT TO LEADING BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL TRAINING - PER SCHOLAS IS A NATIONAL ORGANIZATION THAT HAS BEEN ADVANCING ECONOMIC MOBILITY FOR 25 YEARS. THROUGH RIGOROUS TRAINING, PROFESSIONAL DEVELOPMENT, AND ROBUST EMPLOYER CONNECTIONS, WE PREPARE INDIVIDUALS TRADITIONALLY UNDERREPRESENTED IN TECHNOLOGY FOR HIGH-GROWTH CAREERS IN THE INDUSTRY. WE PARTNER WITH LEADING EMPLOYERS TO BUILD MORE DIVERSE TALENT POOLS, DIRECTLY CONNECTING OUR GRADUATES TO NEW CAREER OPPORTUNITIES WITH LEADING EMPLOYERS, FROM FORTUNE 500 COMPANIES TO INNOVATIVE STARTUPS. WITH CAMPUSES IN 19 CITIES, PER SCHOLAS HAS TRAINED 16,500 INDIVIDUALS IN TECH SKILLS AT NO COST TO LEARNERS, BUILDING BRIDGES TO CAREERS IN TECHNOLOGY. OUR IMMERSIVE, COHORT-BASED, AND FULL-TIME TRAINING MODEL CONSISTENTLY YIELDS SALARY INCREASES OF FOUR TIMES OUR LEARNERS' PRE-TRAINING WAGES. IN ADDITION, TWO RANDOM CONTROL TRIAL STUDIES HAVE FOUND THAT PER SCHOLAS LEARNERS EARN 30% MORE THAN THEIR PEERS, ARE 50% LESS LIKELY TO RELY ON PUBLIC SAFETY NET PROGRAMS, AND REPORT HIGHER LEVELS OF LIFE SATISFACTION. TAKEN TOGETHER, THESE SUCCESSES AMOUNT TO A RETURN ON INVESTMENT TO GOVERNMENTS AND COMMUNITIES OF $8 FOR EVERY $1 INVESTED. PER SCHOLAS IS ALSO ACTIVELY WORKING WITH EMPLOYERS AND INTEGRATES THEM INTO EVERY FACET OF OUR ACTIVITY. WE ARE ONE OF THE ONLY NONPROFIT ORGANIZATIONS OFFERING CUSTOMIZED TRAINING MODELS. WITH FUNDING AND OVERSIGHT FROM EMPLOYERS, WE WORK TO TAILOR OUR CURRICULUM TO MEET COMPANIES' SPECIFIC HIRING NEEDS IN TERMS OF BOTH HARD TECHNICAL SKILLS AND AN INTRODUCTION TO COMPANY CULTURE AND VALUE SETS. THROUGH OUR CUSTOMIZED TRAINING PRACTICE, COMPANIES HAVE PAID US TO HELP THEM SOURCE DIVERSE NEW TALENT FOR THEIR BUSINESSES. WE HAVE ALSO BEGUN TO PILOT PAID PLACEMENT/FEE FOR HIRE RELATIONSHIPS, IN WHICH EMPLOYERS PAY PER SCHOLAS FOR EACH PER SCHOLAS GRADUATE SUCCESSFULLY HIRED BY THE EMPLOYER.
SOCIAL VENTURES - PER SCHOLAS' ASSET RECOVERY OPERATIONS, ACTS AS A RECYCLING BUSINESS, OFFERING A COMPLETE IT ASSET DISPOSITION SOLUTION. FINALLY, AS A NONPROFIT SOCIAL VENTURE, WE COLLECT USED EQUIPMENT DONATED BY CORPORATIONS, GOVERNMENT, AND INDIVIDUALS, PROPERLY RECYCLING THE END-OF-LIFE EQUIPMENT AND RECONDITIONING EQUIPMENT WITH CONTINUED USE. THIS ACTIVITY CREATES VALUABLE JOBS WHILE DIVERTING THOUSANDS OF TONS OF ELECTRONIC WASTE FROM LANDFILL DISPOSAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Plinio Ayala President And CEO | Officer | 40 | $342,365 |
Caitlyn Brazill Chief Development Officer | 40 | $232,791 | |
Michelle Pullaro Chief Operating Officer | Officer | 40 | $214,982 |
Damien J Howard Chief Enterprise Solutions Off | 40 | $190,467 | |
Constantine Lianos Chief Accounting Officer | Officer | 40 | $189,825 |
Evelyn Chen Senior Vp, Development | 40 | $165,500 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Eliassen Group It Training | 12/30/21 | $431,605 |
Berlin Rosen Ltd Public Relations | 12/30/21 | $121,750 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $13,436 |
Related organizations | $0 |
Government grants | $2,574,350 |
All other contributions, gifts, grants, and similar amounts not included above | $38,762,837 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $41,350,623 |
Total Program Service Revenue | $4,000,954 |
Investment income | $236,996 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$57,886 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $45,563,468 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $838,514 |
Compensation of current officers, directors, key employees. | $357,210 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $19,557,854 |
Pension plan accruals and contributions | $496,751 |
Other employee benefits | $1,234,091 |
Payroll taxes | $1,598,136 |
Fees for services: Management | $0 |
Fees for services: Legal | $77,338 |
Fees for services: Accounting | $79,279 |
Fees for services: Lobbying | $72,000 |
Fees for services: Fundraising | $106,800 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,450,399 |
Advertising and promotion | $428,387 |
Office expenses | $650,904 |
Information technology | $1,228,605 |
Royalties | $0 |
Occupancy | $2,345,154 |
Travel | $273,725 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $46,359 |
Interest | $8,236 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,064,251 |
Insurance | $421,898 |
All other expenses | $142,087 |
Total functional expenses | $36,148,424 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,776,743 |
Savings and temporary cash investments | $10,347,753 |
Pledges and grants receivable | $3,421,989 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $150,605 |
Net Land, buildings, and equipment | $3,977,886 |
Investments—publicly traded securities | $35,869 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $260,639 |
Total assets | $32,971,484 |
Accounts payable and accrued expenses | $2,395,951 |
Grants payable | $0 |
Deferred revenue | $9,425,926 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $11,821,877 |
Net assets without donor restrictions | $18,249,607 |
Net assets with donor restrictions | $2,900,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $32,971,484 |
Over the last fiscal year, we have identified 1 grants that Per Scholas Inc has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
A C Ratshesky Foundation Needham, MA PURPOSE: PROGRAM SUPPORT | $15,000 |
Organization Name | Assets | Revenue |
---|---|---|
Per Scholas Inc Bronx, NY | $32,971,484 | $45,563,468 |
New England Laborers Training Trust Fund Hopkinton, MA | $95,005,657 | $19,481,542 |
Gaudenzia Foundation Norristown, PA | $66,144,105 | $6,232,178 |
Local 282 Job Training Trust Fund Lake Success, NY | $1,856,976 | $551,266 |
Westport Book Sale Ventures Inc Westport, CT | $162,908 | $227,940 |
Elevate To Even Plus Incorporated Summit, NJ | $46,371 | $0 |
Working For Women Inc Kingston, NY | $340,055 | $347,373 |
Service Workers Coalition Incorporated Brooklyn, NY | $327 | $0 |
Good Job Angels Inc Great Neck, NY | $33,126 | $0 |
Troop C Health & Welfare Fund Hamilton Township, NJ | $66,869 | $0 |
Jobarr Foundation Inc Great Neck, NY | $341,634 | $12,295 |
Riley Olson Memorial Fund Inc Queensbury, NY | $16,407 | $36,960 |