Per Scholas Inc

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Eliassen Group
It Training
$431,605
Berlin Rosen Ltd
Public Relations
$121,750
View All Vendors

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Per Scholas Inc has recieved totaling $15,000.

Awarding OrganizationAmount
A C Ratshesky Foundation

Needham, MA

PURPOSE: PROGRAM SUPPORT

$15,000
View Grant Recipient Profile

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